<div class=newsTextDataWrapInner><p>IPOH (Aug 27): The federal government currently has no plans to manage non-radioactive rare earth element (NR-REE) resources, including through government-linked companies (GLCs).</p></div>

<div class=newsTextDataWrapInner><p>Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad said the government is still discussing the REE industry framework and planning how to manage REE resources, following Prime Minister Datuk Seri Anwar Ibrahim's vision to not only extract, but also process and sell these materials.</p></div>

<div class=newsTextDataWrapInner><p>"Perak has experience as a tin producer and we want to do something similar in the REE industry, by extracting and processing the resources locally so that the value stays within the country," he told a press conference near here Tuesday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He said there are no plans to set up a GLC to manage NR-REE at this time, even though the idea has been discussed in Parliament, adding that according to the Constitution, the management of minerals other than oil and gas falls under state government authority.</p></div>

<div class=newsTextDataWrapInner><p>Nik Nazmi further assured that there are no concerns about GLCs managing NR-REE.</p></div>

<div class=newsTextDataWrapInner><p>In July, Perak Menteri Besar Datuk Seri Saarani Mohamad confirmed that the state government will keep NR-REE under state control and will not involve GLCs in its management.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


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<p>Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally&nbsp;scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.</p>


<p>(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.</p>

<p>“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

<p>Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.</p>
