Malaysia clarifies Trump trade deal: no exclusive rare earth rights for US

AI Summary
Malaysia's Minister of Natural Resources and Environmental Sustainability, Arthur Joseph Kurup, clarified that the recent reciprocal trade agreement with the United States does not grant exclusive access to Malaysia's rare earth elements (REE). Speaking to the House of Representatives, Kurup stated the agreement, signed in October during the Asean Summit in Kuala Lumpur, imposes no binding supply obligations or market preferences regarding REE. He emphasized that Malaysia retains full control over its strategic mineral exports and is not restricted to any single nation. Kurup refuted speculation that REE was offered as a concession in trade negotiations with the US. The clarification addresses concerns following the signing of the trade pact and a parallel critical minerals agreement.
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