Malaysia has approved a largely American-owned company to export up to 700 tonnes of rare earths to the US, marking its first reported approval under relaxed export restrictions. DTEC expects to ship the first 30 tons by the end of the week and is seeking $650 million in US financing for a Malaysian processing facility, which will help reduce US dependence on China's rare earth industry.

Malaysia has approved a largely American-owned company to export up to 700 tonnes of rare earths to the US, marking its first reported approval under relaxed export restrictions. DTEC expects to ship the first 30 tons by the end of the week and is seeking $650 million in US financing for a Malaysian processing facility, which will help reduce US dependence on China's rare earth industry.