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PM attempts to allay concerns over Thai-US MoU on rare earth elements

PM attempts to allay concerns over Thai-US MoU on rare earth elements

13 Sept 06:30 Key points summarised by AI
  • Prime Minister Anutin Charnvirakul assured the public that the Thai-US MoU on rare earth elements is non-binding and will adhere to Thai laws and good governance.
  • Thailand welcomes US technology and know-how to develop its untapped mineral reserves, aiming to reduce costs and improve product quality.
  • The MoU seeks to strengthen cooperation, promote investment in critical mineral supply chains, and encourage domestic value addition rather than just raw material export.
  • Industry Minister Thanakorn clarified that Thailand's rare earth elements are not commercially viable for mining, but the country benefits from processing imported rare earths and attracting investment in sectors like EV batteries and semiconductors.
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