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South Korea Moves to Reduce Reliance on China for EV Battery Metals

Industry Minister Bang Moon-kyu, second from left, speaks during a meeting on Korea's supply chain stabilization at Posco Future M's graphite production facility in Sejong on Wednesday. Image via JoongAng Daily.

The South Korean government introduced new measures this week to reduce its dependence on China for 185 different critical resources, many of which are used to manufacture EV batteries.

The Ministry of Industry, Trade and Energy announced on Wednesday new measures that aim to reduce critical resource dependence from a single country (they didn’t say China specifically, but it was implied) from the current 70% threshold to below 50% within the next six years.

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