No plan to set up entity to regulate REE industry, says Nik Nazmi

Published on 12 Dec 2024 10:43:49 PM

The government has no plans to establish a new regulatory body for the rare earth element (REE) industry, as the existing legal framework and Federal Constitution are sufficient to oversee the sector, says Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

Speaking during the winding-up session of the Supply Bill 2025 for his ministry at the Dewan Negara on Thursday (Dec 12), Nik Nazmi added that a special task force has been recently formed to address challenges and outline strategies for the development of the REE industry at all levels.

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Keywords
news, rare earth mining, ree, lynas, government regulatory body, rare earth element, natural resources and environmental sustainability ministry, nik nazmi nik ahmad, dewan negara, special task force

Keywords:
news, rare earth mining, ree, lynas, government regulatory body, rare earth element, natural resources and environmental sustainability ministry, nik nazmi nik ahmad, dewan negara, special task force