Malaysia’s Parliament will hold a hearing on July 16 on a rare earths supply agreement involving Australia’s Lynas Rare Earths and the U.S. Department of Defense, a senior Malaysian lawmaker says. The deal, signed earlier this year, is reported to be worth $96 million. The hearing is intended to examine the terms and details of the four-year arrangement between Lynas and the Pentagon, and to assess whether it complies with Malaysia’s local policies and rules. Malaysian lawmakers are expected to focus on the scope of the supply arrangement and any potential implications for domestic regulations and governance. The planned session comes after the agreement’s signing and follows ongoing parliamentary scrutiny of matters that may affect national interests, industrial policy, and regulatory compliance. The hearing is scheduled for July 16.
Malaysia to hold parliamentary hearing on Lynas–U.S. rare earths deal
Malaysia’s Parliament will hold a hearing on July 16 on a rare earths supply agreement involving Australia’s Lynas Rare Earths and the U.S. Department of Defense, a senior Malaysian lawmaker says. The...
- Malaysia’s parliamentary committee holds a hearing on July 16 to review the Lynas–U.S. rare earths deal.
- The agreement involves Australian company Lynas Rare Earths and the U.S. Department of Defense (the Pentagon).
- The deal is reported to be worth about $96 million and lasts four years.
- Lawmakers say the hearing will examine the deal’s details and whether it breaches or violates Malaysian local policies.
- The agreement was signed earlier this year.
The session is aimed at ascertaining details of the four-year agreement between the Australian producer and the Pentagon and whether it breaches any local policies.
1 hour agoKUALA LUMPUR, July 6 (Reuters) - A Malaysian parliamentary committee will hold a hearing on July 16 to discuss a $96 million rare earths supply deal signed between Australia's Lynas Rare Earths and the U.S. Department of Defense earlier this year, a senior lawmaker said on Monday.
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