Feasibility Study of Establishing Domestic Rare Earth Processing Capabilities
Kenneth Tiong Boon Kiat asked about the feasibility of establishing rare earth processing capabilities in Singapore, focusing on their importance to aerospace and defense supply chains. Gan Kim Yong explained that Singapore primarily imports products containing rare earths rather than raw materials, and there are no immediate concerns from producers regarding supply. The government is taking a multi-pronged approach to supply chain resilience, involving international partnerships and encouraging firms to diversify sourcing. Any rare earth-related projects would need to comply with existing environmental and safety regulations, particularly concerning radioactive waste management.