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Malaysia’s Kelantan eyes rare earth riches. Can it dig its way out of debt?

Kelantan’s rare earth reserves offer a potential lifeline for the impoverished Malaysian state, promising a path to slashing debt and driving much-needed economic development. But experts warn it will need to secure more federal funding to build the infrastructure needed to unlock billions of dollars in projected revenue. The Kelantan state government signed a preliminary deal with Australian mining giant Lynas last week to explore the state’s capacity to supply rare earths to the company’s...


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