Negotiating North Korea's rare earth mining rights Chinese industry group Oct 25 25:13
China's rare earth industry trade association has revealed that it is negotiating in the direction of obtaining mining rights for the rare earth mine in North Korea in return for constructing a large-scale solar power plant in North Korea. It is likely to be argued if it does not conflict with sanctions on North Korea based on
According to the website of the China Rare Earth Industry Association, the two sides are discussing that North Korea will give the right to mine rare earth mines in return for the Chinese side to build a large-scale solar power plant in North Korea. .
Although the specific plan is unknown, it is written on the homepage that "about 2.5 billion dollars will be required to build a 2.5 million kilowatt power plant in Pyongyang", and North Korea will also invest from China It means that you are welcome.
Demand for rare earths is increasing as a valuable resource required for high-tech products, and it is expected that many rare earths are buried untouched in North Korea.
North Korea has a chronic power shortage, and if the negotiations are realized, the interests of both parties will be in agreement.However, the UN Security Council's sanctions resolution against North Korea prohibits the import of coal and iron ore from North Korea. It seems to be argued that the mining of rare earth in China may conflict with this.
In this regard, the Ministry of Foreign Affairs of China has only stated that it has not heard at a regular press conference on the 24th.