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Korea's effort to find new sources making little headway
Global tension over rare earth metals — often identified as rare earths — has intensified as the United States, European Union and Japan recently teamed up and took it up a notch in pressuring China over persistent trade disputes.
Last month, the trading power players filed a complaint at the World Trade Organization challenging the world’s largest rare earths supplier to remove its export restrictions on the scarce elements used in high-tech goods.
As China continues to tighten its export policy, Korea, a resource-poor country with strong demand for rare earth metals for its high-tech manufacturing, is attempting to stay the course with its biggest trading partner while at the same time, catching up with other nations in the search for alternative reserves.
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