China-North Korea tensions impact on raw materials

China bans all coal imports from North Korea amid growing tensions

Posted on Sunday, February 19, 2017 by CNN in International News

extract

North Korean economist Ri Gi Song, a researcher at the Institute of Economics at the Academy of Social Sciences, said the coal ban would not have a big effect.

“We have been exporting some good quantities of coal, but we didn’t export very much,” he said. “(Therefore) we don’t feel very much affected by the so-called restrictions.”

He said the export of other raw materials — such as magnesite and graphite, used in smartphone production — is “very important” for major world economies. North Korea sits on more than half of the world’s deposit of those two raw materials, Ri said.

http://gantdaily.com/2017/02/19/china-bans-all-coal-imports-from-north-korea-amid-growing-tensions/