U.S. media: China's rare earth reserves the Korean or Chinese control support 6 times JinZhengEn

A geological study showed that North Korea has about 216 million tons of rare earth , these minerals can be used in smart phones and high-definition TVs and other electronic products. Once confirmed , this would make the world's known reserves of rare earth more than doubling . It will be six times that of China 's rare earth reserves , it will become the market leader.

Private equity firms SRE Minerals Ltd. announced last December findings and signed a term of 25 years in the North Korean capital Pyongyang northwest of Dingzhou development contracts rare earth. This is known as the Pacific Century Rare Minerals Ltd. joint venture, is a state-owned natural resources with the Korean joint venture trading company .

East-West Center in Hawaii researcher Bruce Scott told VOA video interview that North Korea not only the amount of rare earth shake China's position in the market , but also to improve the DPRK and the two largest importer of mineral Korea and Japan relationship. If North Korea can start this project , to develop their own industries , it is likely to encourage its integration with its neighbors , and is no longer a black hole in the center of Northeast Asia . "

It has been estimated that North Korea has mineral resources worth trillions of dollars , Dingzhou project will be the first development of these rare earths. However, many problems remain to be solved.

Companies doing business with North Korea in dealing with this mysterious power, will bear great risks. The country's dilapidated infrastructure , poor roads and unstable energy supply is the challenge of this complex and expensive rare earth mining industry faces.


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