China could tap North Korea rare earth mine in exchange for solar investment: Report

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BEIJING: North Korea plans to grant China access to a rare earth mine in exchange for investment in solar energy that could ease chronic power ...

BEIJING: North Korea plans to grant China access to a rare earth mine in exchange for investment in solar energy that could ease chronic power shortages in the impoverished country, according to an article posted on an industry association website on Thursday .

The source of the report was stated as industry pricing and data provider CBC, or China Bulk Commodity. However, Radio Free Asia published a very similar report on Oct 21. As 2019 marked the 70th anniversary of the establishment of diplomatic relations between the two countries, the official said, it would be"easier to negotiate with the Chinese authorities" at the current time.However, one Chinese rare earth industry source said such an agreement was"wishful thinking" on behalf of North Korea and queried the real level of Chinese interest in the project.

 

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North Korea may allow China to tap rare earth mine in exchange for solar investmentBEIJING (REUTERS) - North Korea plans to grant China access to a rare earth mine in exchange for investment in solar energy that could ease chronic power shortages in the impoverished country, according to an article posted on an industry association website on Thursday (Oct 24).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »