South Korea plans to support the critical minerals recycling industry to lower supply chain risks amid global trade uncertainties, Yonhap News reported Friday, citing acting president Choi Sang-mok.
The government will explore measures to establish an industrial cluster and ecosystem for recycling firms, the report said.
This follows a $37.5 billion investment plan announced in December 2024 to cut reliance on key mineral imports, targeting a reduction to 50% from 70% by 2030, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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