The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan, together with the Minister of Defence Prabowo Subianto have been discussing rare-earth mining investments. Luhut and Prabowo do not like that Singapore determines the price of rare-earth, whereas the commodities are abundant in Indonesia. “Rare-earth materials are important for weapons development. So why should we let Singapore determine its price, why aren’t we the ones having a say?” Luhut asked.
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