S.Korea to invest $259 mln in rare metals by 2018

Newswire

SEOUL, Nov 27 (Reuters) - South Korea will invest 300 billion won ($259.3 million) to develop technologies and raise self-sufficiency rates of rare metals such as lithium and magnesium by 2018, the government said in a statement on Friday. In the private sector, POSCO will invest 2.8 trillion won in five sectors including rare metals, non-ferrous metals, carbon materials, future new materials, and recycling through 2018, the statement said. LS Nikko will spend 500 billion won in expanding ...

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