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MSIT launches K-Moonshot rare earth industry-academia-research council

South Korea\'s Ministry of Science and ICT launched a K-Moonshot rare earth industry-academia-research council in Seoul on Wednesday to strengthen supply-chain capabilities for materials heavily dependent on China. The ministry is pursuing a K-Moonshot programme that combines AI and science and technology. It plans work from 2027 led by three state research institutes to develop permanent magnet processes that avoid heavy rare earths, sharply cut light rare earth use and recover rare earths from waste magnets.