South Korea government decides to double reserves of important rare metals
2021-08-20 11:36:21 [Print]
Recently, the South Korean government held the 42nd meeting of the Ministry of Emergency Economic Central Countermeasures and issued "rare metal industry development countermeasures version 2.0". The government decided to double the reserves of important rare metals such as tungsten, molybdenum and rare earths to ensure 100 days consumption, and will excavate and cultivate 100 large core enterprises of rare metals by 2025. Previously, the average reserves of rare metals in the country could only be used for 57 days.
Molybdenum Oxide 50%min EXW China
Unit:RMB/dmtu
China molybdenum concentrate producers' sales to production ratio statistics by province by month
Unit: %
