In addition, it designated eight items that are essential to core industries and have strong supply uncertainties as supply chain leading items and will manage them separately. The eight are cathode materials, anode materials, semiconductor materials, rare gases, rare earth permanent magnets, urea, magnesium, and molybdenum.
The MOTIE has taken this step because some items are absolutely imported to Korea only from specific countries. During the January-October period of this year, Korea’s dependence on Chinese precursors for ternary battery cathode materials stood at 97%. Among semiconductor materials, 96.1% of hydrofluoric acid anhydride and 86.4% of rare earth permanent magnets were imported from China.
Source:https://www.businesskorea.co.kr/news/articleView.html?idxno=207805
MOTIE = Ministry of Trade, Industry, and Energy in Korea.
Rare Earth permanent magnets ex China. There is literally only one company left in the world that can meet this - Arafura.
In addition, it designated eight items that are essential to...
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