South Korea and Chile Sign MOUs to Deepen Lithium and Copper Supply Chain Cooperation

Published: Aug 2, 2026 00:47

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South Korean President Lee Jae-myung and Chilean President Jose Antonio Kast held a summit in Santiago, and on Thursday the two countries signed five memorandums of understanding, including a mineral resources cooperation document aimed at deepening cooperation in the lithium and copper supply chains.Lee Jae-myung stated that the two countries are "natural and ideal partners" in the field of critical minerals. He pointed out that Chile is the world's largest copper producer and possesses the world's largest lithium reserves, while South Korea has global leading advantages in high-end industries such as semiconductors and power batteries.This mineral cooperation agreement elevates bilateral relevant cooperation to the ministerial level, and plans to expand entire industry chain cooperation for core resources such as lithium and copper, covering information sharing, technology cooperation, and personnel exchanges.

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