Malaysia Reviews $96M Lynas-US Defense Deal Amid Palestine Stance Concerns

Published: Jul 22, 2026 18:10 (GMT+8)

Save

Malaysia is reviewing a supply agreement worth $96 million signed between Lynas Rare Earths and the US Department of Defense, after a parliamentary committee assessed whether the deal affects Malaysia’s stance in support of Palestine and its future rare earth policies. According to a previously issued statement, the Parliamentary Special Select Committee on International Relations and International Trade, chaired by Member of Parliament Wong Chen, convened on July 16 to discuss the role of the Australian company Lynas in the US defense supply chain. The committee heard submissions from government officials, non-governmental organizations, and senior executives of Lynas. The committee recommended that the government formulate a clearer foreign investment policy to protect Malaysia’s national interests and sovereignty, and clarify its position on this matter within two weeks. The committee said it called this meeting to examine and assess the impact of the supply agreement, which is allegedly affecting Malaysia’s long-standing stance in support of Palestine.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 30, 2026 17:18 (GMT+8)

SMM Rare Earth Afternoon Trading Comment for September 30

Sep 30, 2026 17:18 (GMT+8)

Sep 30, 2026 15:26 (GMT+8)

Scrap Prices Remain Stable, Holiday Market Trading Thins [SMM Recycled Rare Earth Weekly Review]

[SMM Recycled Rare Earth Weekly Review: Scrap Prices Stable, Market Activity Slows Ahead of Holiday] Overall, Pr-Nd scrap prices remained stable this week, with a slight upward adjustment near the weekend. Recycling enterprises turned cautious about chasing higher prices after wrapping up pre-holiday stockpiling, while suppliers showed low willingness to sell. Market activity gradually cooled as the holiday approached. In the short term, the market is expected to remain quiet during the holiday with little improvement in trading, and Pr-Nd scrap prices are likely to maintain a stable pattern.

Sep 30, 2026 15:26 (GMT+8)

Sep 30, 2026 15:21 (GMT+8)

Pr-Nd prices hold firm with a steady rise, trading tends to thin before the holiday [SMM Rare Earth Weekly Review]

[SMM Rare Earth Weekly Review: Pr-Nd Prices Hold Firm with Slight Gains; Trading Activity Slows Ahead of Holiday] Terbium oxide was at 6.52-6.55 million yuan/mt, with downstream acceptance of high prices remaining weak, negotiation centers edging down, and overall market offer activity mediocre with thin trading. Gadolinium oxide was at 190,000-192,000 yuan/mt, with downstream inquiries persistently weak, and suppliers showing little willingness to adjust prices, mostly holding prices steady and waiting. Holmium oxide was at 635,000-637,500 yuan/mt, consolidating, with limited changes in supply-demand fundamentals. Erbium oxide was at 670,000-675,000 yuan/mt, with downstream inquiries weak and trading follow-through insufficient. Yttrium oxide (5N) was at 58,000-60,000 yuan/mt, and yttrium oxide (3N) at 28,000-30,000 yuan/mt, with demand mediocre, downstream follow-through insufficient, and prices lacking upward momentum.

Sep 30, 2026 15:21 (GMT+8)