This guide helps Australian exporters of critical minerals understand the opportunities in Korea.
The guide has information on:
Korean battery-makers are turning their attention to lithium iron phosphate (LFP) batteries. LFP batteries will help lower car prices, so automakers are keen to install these batteries.
To avoid losing market share to competitors, Korean battery-makers are preparing to make LFP batteries. This creates opportunities to supply critical minerals such as:
Manufacturers use rare earth elements to make neodymium magnets for car batteries and motors, among other things.
For more information about exporting critical minerals to Korea, email seoul@austrade.gov.au.