South Korea to Increase Stockpiles of Rare Earths

Bloomberg reported Korea Resources is planning on increasing nine stockpiles of rare earths by 382%.

As quoted in the market news:

Stockpiles of nine metals, also including antimony, titanium, tungsten, niobium, selenium and gallium, will likely rise to 78,400 metric tons, or 60 days of consumption, from 16,249 tons at the end of October, Kim Young Ho, leader of the stockpile and trading team, said at a conference in Seoul today.

Click here to read the full Bloomberg report.