Kuala Lampur, May 23 -- Deng Xiaoping once made a shrewd prediction. He said, "The Middle East has oil, China has Rare Earths". Rare earth is now indispensable as the world catches the netzero fever. Not just limited to use in the electric vehicle. But has found strategic use in the military. China controls more than 85 per cent of supply. It is an effective bargaining chip for China. Rare earths have become a critical feature of a sustainable world. Venturing into the rare earths industry presents a strategic opportunity for Malaysia. The Petronas model for oil and gas offers useful lessons. There is a suggestion to establish a government-linked company GLC, the National Rare Earths Corporation (NREC), to mirror Petronas in overseeing al...