Government to Fully Foster 'Resource Recycling Industry'... Recovering Critical Minerals from Waste Resources like Electric Vehicles and Batteries
2023 Core Mineral Recycling Forum Annual General Meeting and Seminar
To stabilize the supply chain of critical minerals, most of which South Korea relies on imports for, the government has decided to actively foster the recycling industry that recovers critical minerals from waste resources such as used electric vehicles and batteries.
The Ministry of Trade, Industry and Energy announced that the '2023 Critical Minerals Recycling Forum' will be held on the 28th in Seoul.
The event will be attended by Kang Kyung-sung, the 2nd Vice Minister of the Ministry of Trade, Industry and Energy, Hwang Gyu-yeon, President of the Korea Mine Reclamation Corporation, as well as representatives from the Korea Institute of Geoscience and Mineral Resources, Korea Institute of Energy Technology Evaluation and Planning, Korea Institute of Industrial Technology, Korea Metal Recycling Industry Association, Nonferrous Metals Association, Recycling Society, and other industry, academia, and research institutions.
At the forum's commemorative ceremony, congratulatory speeches by key guests and an award ceremony recognizing contributors to the development of the critical minerals recycling industry were held. Following this, the Ministry of Trade, Industry and Energy presented a recycling roadmap to strengthen the critical minerals supply chain and held a policy trend seminar. Additionally, related companies presented and discussed their investments and business trends in the recycling sector.
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Vice Minister Kang stated, "South Korea is a major consumer of critical minerals in leading eco-friendly and advanced industries such as electric vehicles and secondary batteries. Ensuring a stable supply of critical minerals through the activation of recycling is very important." He added, "The government will foster the critical minerals recycling industry through research and development (R&D), demonstration, commercialization support, and training of specialized personnel."
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