[Featured Stock] Setopia Rises on Analysis of No China-Vietnam Rare Earth Cooperation... "Korea is Fortunate"

Setopia is showing strength. It is interpreted that this attention is due to the analysis that it is fortunate from the perspective of South Korea, which is focusing on Vietnamese rare earths as China and Vietnam have not reached an agreement related to rare earths.

As of 9:52 AM on the 10th, Setopia is trading at 2,555 KRW, up 1.19% compared to the previous day.

Last month, Chinese President Xi Jinping made a state visit to Vietnam and promised cooperation in various fields including economy, security, society, and culture, signing 36 agreements. These agreements were signed jointly by government ministries, agencies under government ministries, and local governments of both countries to specify the commitments made in the previously announced joint statement.

According to KOTRA, only the list of agreements was publicly disclosed, but the contents of each agreement were not revealed, and about half of the 36 documents are analyzed to be non-binding. Furthermore, no specific agreement related to "mineral cooperation," which was mentioned both in the article Xi Jinping contributed to the Vietnam People's Newspaper just before his visit and in the joint statement, was found.

This contrasts with the United States, which signed an MOU on cooperation related to "rare earth supply" with Vietnam, known to have the world's second-largest rare earth reserves as of last September. Additionally, from South Korea's perspective, which is focusing on Vietnamese rare earths to diversify supply chains, this is considered a fortunate outcome.

Meanwhile, Setopia has established a joint venture corporation, GCM (Global Critical Material), with VTRE (Vietnam Rare Earth JSC), a Vietnamese rare earth refining company, to build a rare earth value chain by stably supplying, distributing, and selling Vietnamese rare earth oxides.

On the 4th, it also established a production system to smelt neodymium metal domestically using Vietnamese rare earth oxides.

This content was produced with the assistance of AI translation services.