Malaysia's recently announced plan to ban exports of rare earth elements is the latest example of the deepening regional trend of resource nationalism, and will negatively impact Malaysia's international partners in this sector while also affording Malaysia a strategic advantage in the marketplace. Malaysian Prime Minister Anwar Ibrahim on Sept. 11 unveiled his government's 2023-2025 economic plan, which includes several export bans on nonradioactive rare earths. The rare earths covered by the bans include lanthanide, monazite and xenotime, which are used in battery, magnetic, electronic and optical devices and are critical to emerging and renewable technologies. According to Anwar, the bans are meant to enhance domestic processing of these rare earths, better positioning Malaysia in the global market and boosting revenue while "guarantee[ing] a maximum return to the country." The bans have not yet been fully codified into policy, and Anwar did not indicate when the bans would enter effect.