DTEC Mineral and Metal Technology plans $600 million rare-earth refinery in Malaysia

DTEC Mineral and Metal Technology plans to invest US$600 million in a Malaysian rare-earth refinery, The Business Times reports. CEO Milan Perlly expects to set up the plant within three years. Its proposed annual processing capacity is 5,000 metric tonnes. The project is intended to help develop rare-earth supplies outside China. The outlet reports permission to ship unprocessed material to the US, not a completed shipment.