S. Korea looks to find response measures to respond to China's export curb on rare-earth elements

South Korea has pledged to ramp up efforts in response to China's recent export restrictions on rare-earth elements.

Following a meeting on Monday with relevant stakeholders, including the trade and foreign ministries, the government aims to secure a public and private inventory of these minerals while preventing any lack of supply.

As it is not an entire export ban, countries can still import elements such as graphite and gallium after obtaining an export permit from China's Ministry of Commerce.

This comes amid Beijing's export controls as part of non-tariff retaliatory measures against the U.S.

China provides around 90-percent of the world's rare earth supply, which is used to make weapons, electronics, and other consumer goods.