The surge in demand for critical minerals, driven by the transition to green energy, presents significant opportunities for Malaysians, according to a new analysis by property technology company Juwai IQI.
“Malaysia is home to one of the largest critical mineral refining facilities in the world, owned by Australian company Lynas. The plant is a testament to Malaysia’s growing influence in a world where green technology is becoming increasingly important,” says Kashif Ansari, CEO and Co-Founder of Juwai IQI.
For Malaysia, he added, the trend means an opportunity to build a stronger economy.
The country’s rich reserves of critical minerals, combined with its strategic location and industrial strength, position it perfectly to take advantage of this demand.
By 2040, he said, the market will swell to RM3.4 trillion, fuelled by the need for materials that power electric cars, wind turbines and solar panels.
“Malaysia’s reserves of what are called ‘rare earth elements’ can create more high-paying jobs and export income. Companies around the world are eager to find new suppliers,” he said, adding that for everyday Malaysians, this opportunity translates into real benefits.
Malaysia can play a pivotal role in processing and manufacturing these minerals, Ansari asserted, creating jobs, stimulating economic growth, and maintaining our global competitiveness.
“With smart investments and a focus on sustainability, we believe Malaysia has the potential to help lead the global green energy revolution.”
That will create a brighter, wealthier future for all its citizens, he said, adding that Juwai IQI is a real estate and technology company, so they look at the critical minerals opportunity from the perspective of its impact on the real estate market.
The critical minerals boom will have a significant impact on Malaysia’s real estate market, increasing demand for industrial space and land where mineral reserves are present, driving new residential and commercial development, and helping push up property demand and the values of the homes Malaysians own.
Kashif Ansari
“The new mining and processing investment will also spur residential and commercial real estate development in key regions. We especially expect this in Pahang, Perak and Kedah, because they have rich deposits of critical minerals,” said Ansari.
Juwai IQI was featured in Focus Malaysia, The Sun, The New Straits Times, Business Today and Bernama.
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