China and Korea carry out regular cooperation on the technology of new rare earth materials

According to a report by yonhap news agency on January 7, the Korean institute of production and technology and the korea-china science and technology cooperation center held the "korea-china rare earth new materials technology development seminar" sponsored by the ministry of industry, trade, trade and resources and the city of incheon at the g-tower on songdo island on January 7.

Rare earths have excellent chemical properties, such as heat conduction and magnetism, and are used as the core material for sophisticated industries such as smartphones and electric cars or military weapons.According to the us geological survey, China produced 120,000 tonnes of rare earths last year, accounting for more than 70 per cent of global rare earth production.

South Korea's imports of rare-earth materials are increasing each year, but with a weak industrial base, such as a lack of core technologies, activity is concentrated in low-value operations such as processing imported materials.

The rok and China plan to establish an effective contact mechanism with research institutions and industries in jiangxi province, where China mines and processes rare earths.In addition, experts from the two countries are expected to have in-depth discussions on the reuse of rare earths, materials, market and standard development.

The ministry of industry said the rare earth sector is the basis for the competitiveness of the raw materials and parts industries, and it will further invigorate the rare earth and other rare metals industries and expand the industrial base by ensuring core technology and strengthening specialized agencies.

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China and Korea carry out regular cooperation on the technology of new rare earth materials

China and Korea carry out regular cooperation on the technology of new rare earth materials

China and Korea carry out regular cooperation on the technology of new rare earth materials