The Star 21/12/2011
KUALA LUMPUR: To help fuel Malaysia's drive to achieve high income status by 2020, Malaysia needs to discover and venture into new economic growth areas.
And rare earth could be the country's new growth area, said Dr Ahmad Ibrahim, Chief Executive Officer of the Academic of Sciences Malaysia (ASM).
"Our oil, land and other reserves are depleting, so we need to look for new opportunities and this is one of it," he told reporters after the launch of a report titled "Rare Earth Industries: Moving Malaysia's Green Economy Forward" here today.
He said the entire scale of high-tech industries depended on a sustainable supply of rare earth elements. Rare earth is widely used in manufacturing of an extensive range of downstream products which find wide applications in such industries including aerospace, consumer electronics, automotive and telecommunications.
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