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Koreas Mulling Joint Rare Earths Development Cooperation

Stirred up by the ongoing scuffle among the four economic leaders U.S., European Union, Japan and China plus the persisting reality that alternative suppliers are hard to come by, the two Koreas are mulling a joint development cooperation to mine rare earth metals in the North.

On Monday, Seoul daily Dong-A Ilbo reported that South Korea, led by representatives from its state-owned commodities firm Korea Resources Corp (KORES), went to the North in September and December for two rounds of government-approved talks with the latter's National Economic Cooperation Federation.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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