Sojitz to import Malaysian yttrium to diversify rare earth sources

Key facts

• Sojitz will begin importing yttrium from Malaysia as early as 2027.
• Yttrium is a key rare earth element used in semiconductor manufacturing.

Japanese trading house Sojitz plans to begin importing yttrium from Malaysia as early as 2027. This strategic move aims to diversify the supply of the critical rare earth element, essential for semiconductor manufacturing, and reduce reliance on China. The decision comes as an Australian partner, Lynas, progresses with its plant expansion in Malaysia.