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On 9 February 2023, the Academy of Science Malaysia held a stakeholder engagement validation workshop on the non-radioactive rare earth elements (NR-REE) business model. This workshop has obtained valuable input and feedback from stakeholders to finalise the proposed Business Model for NR-REE Industry.
The ASM Task Force presented their findings and inputs to stakeholders such as ministries, agencies, state governments, and NGOs. The task force will conclude the draft final report and submit it to the Natural Resources, Environment and Climate Change Ministry at the nearest time for review and comment.
Rare earth elements (REEs) are a group of 17 metallic elements found in the Earth’s crust. They are called “rare” because they are difficult to mine and separate from one another. While most rare earth elements are radioactive, a few are non-radioactive.
These non-radioactive rare earth elements have a variety of uses in modern technology and industry. While they may not be as well-known as some of their radioactive counterparts, they are still critical components in many everyday products and applications.