Korea and Mongolia Launch Critical Minerals Cooperation Center in Ulaanbaatar

The Ministry of Trade, Industry and Energy (MOTIE) announced that the Korea–Mongolia Critical Minerals Cooperation Center will officially open on December 12 at the Mongolian University of Science and Technology in Ulaanbaatar. The center will be established and operated as part of a grant-based Official Development Assistance (ODA) project led by MOTIE, with approximately KRW 9.8 billion allocated for the period from 2023 to 2027. The opening ceremony is expected to draw around 150 participants, including officials from Mongolia’s Ministry of Industry and Mineral Resources, the Mineral Resources and Petroleum Authority, and the Institute of Geology, as well as representatives from MOTIE, the Korea Institute for Advancement of Technology (KIAT), and the Korea Institute of Geoscience and Mineral Resources (KIGAM).

Since 2023, MOTIE has promoted the establishment and operation of Critical Minerals Cooperation Centers using ODA programs to strengthen international cooperation on key mineral supply chains. The Mongolia center will be the first to open among five centers currently being pursued in Uzbekistan, Vietnam, Kazakhstan, Indonesia, and Mongolia.

The Korea–Mongolia Critical Minerals Cooperation Center will be jointly operated by KIGAM and the Mongolian Institute of Geology. Its activities will focus on analyzing critical minerals found in Mongolia, including tungsten, molybdenum, and lithium, while providing technical training in mineral processing and refining. Through these efforts, the center aims to help add value to Mongolia’s critical mineral resources and support their transition into production.

MOTIE assessed that the launch of the center has laid an important foundation for bilateral cooperation in the field of critical minerals. The ministry stated that it will continue to support the center’s operations so that it can contribute to the development of Mongolia’s critical minerals industry while also enhancing the long-term stability of Korea’s critical mineral supply chains.