Opposition Spokesperson on Energy and Telecommunications, Phillip Paulwell, today raised important questions in the Standing Finance Committee regarding Jamaica’s potential to develop a rare earth minerals industry and the opportunities it presents for economic growth and technological advancement.

Paulwell highlighted the increasing global demand for rare earth elements and noted that Jamaica possesses a unique opportunity to extract these valuable minerals from bauxite residue, a byproduct of the country’s long established alumina industry.

During the deliberations, Paulwell asked what concrete steps are being taken to advance this opportunity and whether Jamaica intends to build the capacity to process and extract these minerals locally rather than exporting raw materials.

“Rare earth elements are critical to the technologies that power the modern global economy, including renewable energy systems, advanced electronics and electric vehicles. Jamaica must position itself to benefit from this growing demand,” said Paulwell.

He stressed that developing local processing and extraction capacity would allow Jamaica to capture greater value from its natural resources and strengthen the country’s industrial base.

Paulwell also used the opportunity to highlight the need for stronger support and investment in communities located in bauxite-producing areas.

“With record levels currently being seen in the aluminium and alumina markets, it is only fair that the communities that host mining activities and face ongoing environmental challenges see greater investment and tangible benefits,” he said.

He noted that these communities have long contributed to the country’s economic development and deserve greater attention in national policy and development planning.

“Jamaica must think strategically about the future of its natural resources. Developing a rare earth minerals industry while ensuring stronger support for bauxite communities can help create new economic opportunities and ensure that our natural wealth benefits the Jamaican people,” Paulwell added.