Rare metal exports shape North Korea’s new attempt to expand mineral trade despite ongoing sanctions. The government sees rare metal exports as a critical path to ease foreign currency shortages and strengthen international business ties.
A source in China confirmed that a North Korean trading company requested laboratory analysis of samples. The company also invited a potential buyer to Pyongyang after early phone negotiations. Officials claimed that North Korea could supply one to three tons of rare metals every month.
The samples included palladium and rhodium, which serve important roles in semiconductor and aerospace industries. A single ton of these metals can generate tens or even hundreds of millions of dollars. North Korea aims to turn rare metal exports into a major revenue source for the economy.
Analysts doubt that North Korea can actually produce the volumes it promotes to buyers. Global palladium production totals about 200 tons a year, while rhodium reaches only 20 to 30. Industry experts say North Korea has not proven that it holds deposits comparable to those of major producers.
Experts believe the government might be marketing mineral deposits based on potential reserves instead of confirmed output. North Korea wants foreign companies to show interest before revealing more accurate details about mining capacity. Some specialists describe the strategy as a way to secure investment in exploration and refining technology.
The government hopes to earn foreign exchange and attract industrial partnerships through these negotiations. Officials expect mineral deals to open doors to technology sharing and long-term joint development projects. For North Korea, the business model goes beyond sales and focuses on economic leverage.
Sanctions continue to restrict most of the country’s traditional revenue channels. Therefore, North Korea tries to diversify its economy through unconventional trade opportunities. Mineral deals may offer a loophole for companies seeking strategic resources in a competitive market.
Foreign buyers remain cautious because of regulatory risks and uncertainty surrounding real production capabilities. However, negotiations could increase if market demand intensifies and enforcement weakens. Observers say the coming months will show whether North Korea can convert rare metal exports into sustained financial relief.
