HCMC – Dang Quoc Khanh, minister of Natural Resources and Environment, has emphasized the need to consider deep processing of rare earths to serve the industry and explore the possibility of exporting these minerals.
During the Q&A session on natural resources and the environment at the seventh sitting of the National Assembly, one of the key issues raised by NA deputies was the strategy for studying, exploring, extracting and utilizing mineral resources, including rare earths.
Minister Khanh stated that Vietnam has significant reserves of mineral resources. For instance, bauxite reserves are estimated at around 5.8 billion tons, and titanium reserves exceed 600 million tons.
Regarding rare earths, assessments show reserves of 2.7 million tons, with total rare earth minerals in the country estimated at around 18 million tons.
The minister called on various ministries, sectors, and localities to coordinate with the Ministry of Natural Resources and Environment to enhance the management capacity of rare earth minerals.
The northern upland provinces of Lai Chau, Yen Bai and Lao Cai hold great potential in rare earths.
