South Korean Government Designates Ten Key Minerals Such as Lithium, Nickel and Cobalt

Published: Feb 28, 2023 10:06
According to news from Korea International Radio, the Ministry of Industry, Trade and Resources of South Korea announced the key mineral protection strategy on the February 27, designating 10 kinds of minerals required for the production of semiconductors and batteries such as lithium and nickel as key minerals and focusing on management.

According to news from Korea International Radio, the Ministry of Industry, Trade and Resources of South Korea announced the key mineral protection strategy on the February 27, designating 10 kinds of minerals required for the production of semiconductors and batteries such as lithium and nickel as key minerals and focusing on management.

The Ministry of Industry of South Korea selected 33 kinds of minerals required by the country's cutting-edge industries such as semiconductors and batteries, and designated 10 of them as "Ten Strategic Key Minerals" for key management.

These ten minerals include lithium, nickel, cobalt, manganese, graphite, rare earth and so on. The South Korean government will develop a global mineral map and a supply-demand map of key minerals, and establish an early warning system.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Analysis] DRC Cobalt Exports Surge, Shifting Near-Term Bargaining Power to Buyers
Sep 11, 2026 19:02
[SMM Analysis] DRC Cobalt Exports Surge, Shifting Near-Term Bargaining Power to Buyers
Read More
[SMM Analysis] DRC Cobalt Exports Surge, Shifting Near-Term Bargaining Power to Buyers
[SMM Analysis] DRC Cobalt Exports Surge, Shifting Near-Term Bargaining Power to Buyers
The Democratic Republic of the Congo's cobalt exports are gradually recovering, according to the country's mining report for the first half of 2026. The concentrated release of material should ease China's cobalt feedstock shortage and shift bargaining power toward buyers. With cobalt salt demand weak and smelter margins under pressure, additional arrivals will make it harder for sellers to hold firm, and price concessions will be needed to unlock transactions.
Sep 11, 2026 19:02
[SMM Analysis] August Korea ESS Market Review: Greater Demand Visibility as Grid Policies Take Shape
Sep 11, 2026 18:17
[SMM Analysis] August Korea ESS Market Review: Greater Demand Visibility as Grid Policies Take Shape
Read More
[SMM Analysis] August Korea ESS Market Review: Greater Demand Visibility as Grid Policies Take Shape
[SMM Analysis] August Korea ESS Market Review: Greater Demand Visibility as Grid Policies Take Shape
Korea’s ESS market moved closer to actual procurement expansion in August as policy support for renewable integration and grid stability became more concrete. Attention focused on the next ESS centralized contract market, distribution-grid projects, and stronger non-price criteria such as safety and supply capability. Actual demand growth will depend on final tender volumes, project execution and battery shipments.
Sep 11, 2026 18:17
China Aims to Become Global Automotive Power by 2030 with NEV and Autonomous Tech Push
Sep 11, 2026 17:49
China Aims to Become Global Automotive Power by 2030 with NEV and Autonomous Tech Push
Read More
China Aims to Become Global Automotive Power by 2030 with NEV and Autonomous Tech Push
China Aims to Become Global Automotive Power by 2030 with NEV and Autonomous Tech Push
[MIIT and eight other departments: China to join ranks of world's automotive powers by 2030] The Ministry of Industry and Information Technology (MIIT) and eight other departments have issued the 15th Five-Year Plan for the Development of the Intelligent Connected NEV Industry. The plan proposes that by 2030, China's advantages across the entire intelligent connected NEV industry chain will be further consolidated, enabling the country to join the ranks of the world's automotive powers. In the Chinese market, passenger NEVs and commercial NEVs are expected to account for 70% and 40% of total new vehicle sales in their respective segments, and vehicles with autonomous driving functions will achieve large-scale application.
Sep 11, 2026 17:49
South Korean Government Designates Ten Key Minerals Such as Lithium, Nickel and Cobalt - Shanghai Metals Market (SMM)