- Korea announces measures for securing critical minerals supply 2023-03-02
Trade, Industry and Energy Minister Lee Chang-yang presided a conference on February 27 at the Lotte Hotel Seoul to discuss strategies for securing critical minerals and measures to stabilize the supply chain.
The strategy for securing reliable critical minerals supply is a follow-up measure to President Yoon Suk-yeol’s order to establish a critical minerals supply chain centering around the Ministry of Trade, Industry and Energy. It is anticipated that the plan will help mitigate Korea’s reliance on imports from a select few countries and maximize utilization of domestic mineral resources, contributing to supply chain stabilization.
The conference was held in the attendance of representatives from various like EVs and secondary batteries that require critical minerals for business, as well as domestic and overseas firms in resources development, including Samsung SDI, Hyundai Motor, LG Energy Solution, SK On and POSCO Holdings.