Mongolia and South Korea are intensifying collaboration in critical minerals to strengthen mining and industrial development. Moreover, the two countries plan to expand exploration, improve supply chains, and build human resource capacity.
The Mongolia-Korea Critical Minerals and Mining Investment Forum in Seoul highlighted this cooperation. During the forum, government officials, business leaders, and industry representatives discussed opportunities in mining and industrial technology. Consequently, participants emphasized critical minerals as a cornerstone for economic growth.
Officials from Mongolia’s Ministry of Industry and Mineral Resources and Ministry of Economy and Development opened the event. They stressed the importance of partnerships and international collaboration to secure sustainable mining practices. Furthermore, they encouraged foreign companies to invest in Mongolia’s mining sector.
Erdenes Mongol LLC and its subsidiaries presented plans to develop industrial and technological parks. In addition, they outlined ongoing and upcoming critical mineral exploration projects. These presentations showed Mongolia’s commitment to advancing mining while attracting foreign investment.
South Korean companies, including major investors, attended the forum. Meanwhile, business-to-business discussions and inter-sectoral meetings allowed companies from both countries to forge strategic partnerships. Participants emphasized knowledge sharing and joint research as key drivers for success.
Experts explained that critical minerals play a vital role in high-tech industries. Therefore, increased collaboration could enhance regional supply chains and reduce dependency on single sources. Moreover, this cooperation aligns with global trends toward sustainable resource management.
The forum strengthened Mongolia’s strategic position as a key supplier of critical minerals. By building closer ties with South Korea, Mongolia plans to expand its industrial base and attract technological investment. Additionally, both countries agreed to develop joint research and workforce programs to support future growth.
Looking ahead, stakeholders will continue joint exploration projects and invest in mining infrastructure. Consequently, these steps will strengthen economic ties and enhance regional competitiveness in critical minerals.
Overall, the Mongolia-South Korea partnership in critical minerals represents a significant milestone. Furthermore, it shows how collaboration and strategic planning can support sustainable development and long-term industry growth.
