Saturday 10 August 2019

No U-turn - Dr Mahathir's stand on Lynas

This story from Fukuoka, Japan

Malaysia can’t drive Lynas out 

because investors are watching


should be titled "Final nail in the anti-Lynas coffin".

excerpts;

1 - Prime Minister Tun Dr. Mahathir Mohamad pointed to studies by experts that indicate that what Lynas produces is very low-level radioactive waste and not hazardous to health and he believes there is a way to further reduce the low-level radioactivity.

2 - “The report was made by experts but there are quarters who do not accept their decision. This poses a problem, if we ask the experts to make the study but we reject it. What is the purpose of asking the experts to make the study?” he asked.

Yup, Dr Mahathir is sticking to his belief which he wrote in his blog in May 2012 and this time he was supported by the findings of the review committee appointed by the Pakatan government last year.

LYNAS ← Chedet


excerpts;
8. As I understand it, the Lynas plant in Pahang does not involve activating any of the rare earth components to make them radioactive. The process cannot be harmful. As for the waste, it does not give off harmful radiation either. The waste is just ordinary earth which is normally mixed with the small amounts of rare earth. The necessity to export the waste does not arise.

And yes, Dr Mahathir's stand on the issue confirms that the anti-Lynas movement, led by DAP and PKR, was just based on lies....




....and spins....dramatic one at that. Just look at the faces of those liars.


My salute to Dr Mahathir for putting the interest of Malaysia ahead of the political interest of these liars, even though they are his allies in Pakatan.

Well, if he can turned against Umno and BN, of course he can do the same to these people whom he knew were lying about Lynas from back then when he wrote that post in support of Lynas in 2012.

Do also take note that Dr Mahathir had made all his most important statements on Lynas in Japan which depends heavily on the company to ensure its supply of rare-earth will not be threatened by China which control about 80 per cent of the mineral supply.

Lynas is the only significant supplier of rare-earth outside China and shutting it down would give China absolute monopoly of the mineral which is crucial in the production of IT components and operations of other high-tech industries.

Lynas actually holds the key to the survivability of the Western world in its conflict with China, such as the current trade war, and it's located in Malaysia.

I believe that Dr Mahathir knows the strategic importance that Lynas has gave to the country and that's why he rather brushed aside the demands of the anti-Lynas leaders from DAP and PKR, who only care about where their next votes will come from.

For a better understanding of Lynas' significance, I'm putting in full this article by South China Morning Post which was published on Thursday;

China's rare earth producers say they are ready 
to weaponise their supply stranglehold

The Association of China Rare Earth Industry, which represents almost 300 miners, processors and manufacturers, issued a statement yesterday, citing an Aug 5 meeting.
“US consumers must shoulder the cost from US-imposed tariffs,” the association said.
China’s rare earth producers, who control the lion’s share of the world’s output of the elements, said they are ready to use their dominance of the industry as a weapon in the country’s year-long trade war with their customers in the United States.
Chinese producers will pass any tariffs on their exports to customers, in a move that would almost certainly add to the cost of the magnets, motors, light-emitting diodes and hundreds of other devices, according to an industry guild that represents almost 300 miners, processors and manufacturers of rare earth-based products.
The industry “resolutely supports the nation’s counter measures against US import tariffs on Chinese products,” the Association of China Rare Earth Industry said in a statement yesterday citing the consensus from an Aug 5 meeting. “US consumers must shoulder the costs from US-imposed tariffs.”
The statement by the state-dominated industry is the clearest sign that China is ready to turn its rare earth deposits into a trade weapon, after a year of negotiations to untangle a complex web of tit-for-tat tariffs ended in impasse.
US President Donald Trump upped the ante on Aug 1, when he tweeted he would slap a 10% tariff on US$300 billion of Chinese products effective Sept 1, excluding rare earths.
China produces over 80% of the world’s rare earths, and a major portion of processed products that are found in most smartphones, electric vehicles, wind turbines and military equipment from radars to sensors.
The US imports most of the rare earths it uses from China. Washington DC last year put Chinese rare earth materials on its proposed product list for tariffs but later took them out.
This isn’t the first attempt by Chinese producers to turn their industry dominance into a trade or diplomatic weapon.
China banned exports to Japan after a 2010 territorial dispute, which resulted in a complaint to the World Trade Organisation (WTO) and a push by Japanese industry to develop substitutes and alternatives, ultimately hurting Chinese producers.
“The second round of nationwide environmental compliance inspection has already started, posing a big test for miners and processors,” Citic Securities chief cyclical industries analyst Ao Chung said in a report on Monday.
“The rise in compliance costs could further squeeze out non-compliant capacities, tightening rare earth supply.”
This could result in higher product prices, benefiting companies that are in compliance, Chung noted, adding the prospect of more US tariffs raises the urgency of more policies favourable to the rare earth industry.
The statement by the rare earth guild weighed on the stock prices of producers, even as the China and Hong Kong equity markets advanced amid stronger trade data.
China Rare Earth Holdings fell by as much as 3.6% in an advancing market to HK$0.53 in Hong Kong. China Minmetals Rare Earth fell by as much as 5.7% in Shenzhen to 14.80 yuan, while China Northern Rare Earth Group (600111 CH) declined 3.9% to 11.83 yuan in Shanghai.
In view of the trade war with the US, Chinese producers should also diversify their exports and actively participate in opportunities stemming from Beijing’s Belt and Road Initiative, the industry guild said.
The BRI aims to foster closer economic partnerships with Southeast, South and Central Asia, the Middle East, Africa and Europe, initially through infrastructure construction.
The industry body emphasised that its members need to continue to push for “supply side structural reform and better serve the domestic market” so as to maintain China’s lead in the global rare earth industry.
The reform refers to the elimination of inefficient, outdated and environmentally damaging mining and processing methods.
To make it easier to achieve this, Beijing in recent years has forced the previously-fragmented industry to consolidate into six groups, led by state-owned companies.

27 comments:

  1. "Just look at the faces of those liars."

    Rasa macam nak terberak... bila tengok muka Fauziah & Wong Tuck.

    ReplyDelete
  2. Even the people of Kuantan especially those who live in Beserah area where the Lynas rare earth plant is located are already accepted the fact that Lynas is safe. They no longer objected the plant like they used to back in 2011/2012. I don’t understand why PH politicians couldn’t move on and still harping on the issue? Ego perhaps?

    ReplyDelete
  3. Fuziah crocodile tears, at least her acting menjadi that time.Not any more, she and Wong Tuck should be kicked out in the next election .

    ReplyDelete
  4. "I fear for the people of Kuantan ..."
    Maksudnya staf Lynas dan orang-orang kampung berdekatan yg sudah terima kehadiran Lynas bukan manusia?

    Kalau tidak setuju dengan PM, then should resign from her post of Deputy Minister immediately. And she has never mention any thing about the "bauxite" in Kuantan.

    ReplyDelete
  5. PH came up through lies, slander and deceit and even sabotage. Fuziah is just one of the faces of these acts. DAP went all the way to Taiwan to sabotage Petronas RAPID investments. And they succeeded. Fortunately Saudi came in later. I am baffled by how people elected these reps who have no qualms about destroying the country as long as it gets them to power. Unfortunately their incompetence is countinuing to adversely impact the country's economy, harmony and well being. Pray we don't make the sama mistake in future.

    ReplyDelete
  6. "Malaysia can’t drive Lynas out
    because investors are watching"

    VOTERS also watching.... che det!

    ReplyDelete
    Replies
    1. Herman we voted PH, and we are watching most importantly to see if Ph govt can improve the economy.Closing down Lynas will definitely not help to do that. Yes we are watching but we are not watching blindly.

      Delete
    2. Of course! WE ARE dear... see in the Big Picture.. please

      Delete
  7. Another U turn by PH. About time to change the PM.Even if they lose the next elections

    ReplyDelete
    Replies
    1. Anon 17:08 . Whether there is U turn or not, when you said about time to change the PM, I know which side you're coming from..the backside....hihihihi..

      Delete
  8. Aisay Annie.... Anti Lynas led by DAP & PKR built on lies... Not true la. Always, 2 sides to any issue. U bring n expert he says safe... Other side brings their guys say not safe... Who to trust n believe? Annie... V r screwed... Front or back!

    ReplyDelete
    Replies
    1. Please note that the review committee who checked on Lynas and said it's okay was appointed by the Pakatan Harapan government. That's what was said by the PM. Thank you.

      Delete
    2. If it is okay
      Why build waste storage facity
      Just release into the eviroment

      Fadzireen

      Delete
    3. Fadzireen, by your logic, why not release all non toxic waste into the environment, eg. paper, food scraps, etc? Why have proper waste disposal facilities?

      Delete
    4. By your logic justs engage your friendly neighborhood garbage collector to cart away the wastes

      Fadzireen

      Delete
    5. Aaah, fadzireen is the pprt type who just throws his rubbish out of his window. Species menyusahkan org lain asalkan fia senang.

      Delete
    6. W hat makes you think that i throw my rubbishs out of my window
      Making others miserale / susah
      You dont make others susah by not discarding your rubbish
      A specie that eats its own rubbishs

      Fadzireen

      Delete
    7. Fadzireen 14:49,
      Terasa ke? U makan cili rupanye..

      Delete
    8. What about you
      You tak rasa apa2

      Fadzireen

      Delete
  9. Tak guna jadi Timbalan Menteri Agama kalau dah sifat penipu. Muka ja nampak elok tapi hati busuk hitam pekat...Wahai Makcik Timbalan Menteri since u in Mecca now berdoa la banyak2...Semoga mendapat Rahmat hati buka terang....kalau Ada jatidiri jadi lah orang yang ada prinsip. Harimau mati tinggal belanga...manusia mati jangan nanti orang sumpah seranah...minta simpang..pada puak Bukan Islam especially Wong...biar kat depa...hati depa memang busukkkk

    ReplyDelete
  10. Annie.. this is specially for you. From a group named believe it or not..Rare Earth..
    https://www.youtube.com/watch?v=VRVPLPFoJL0

    ReplyDelete
  11. Kepada kaum Muslimin sedara2 tak kira Bangsa, kulit, bahasa dan taraf kehidupan.. wishing all "eid ul adha".

    Ayuh kita terapkan semangat bersatu dengan penuh kesedaran dan kesyukuran;

    https://youtu.be/lFu53kb89-0

    Professor Nasi Lemak

    ReplyDelete
    Replies
    1. yaa...wish eid generousity n eid blessing to all. share ur food, treasure n money with d poor. kihkihkihhhh….ada belani prof?

      opp...tat ur 2nd phrase..kikihhhh r u really with bersatu?

      Delete
    2. Dear Fatin

      https://en.m.wikipedia.org/wiki/Sadaqah

      May I assume ur a non Muslim?

      Professor Nasi Lemak

      Delete
    3. lo…i just want to cherish some conscientious characters of raya korban. sorry it doesnt reciprocate well wit u sir.

      Delete
  12. Khas utk RD, zaman sikalang unta2 dh bole rest;

    https://www.metro-report.com/news/single-view/view/hajj-metro-prepared-for-annual-seven-day-operating-season.html

    Professor Nasi Lemak

    ReplyDelete
  13. annine if you can discard your smart phone, i can go fight for LYNAS to be shut down. rumour another LYNAS under plan or at least an expansion!!!!!

    ReplyDelete