Despite being a high-tech powerhouse, South Korea is considered resource-poor, whereas Malaysia boasts vast, largely untapped reserves of rare earths.
Companies producing renewable hydrogen or processing critical minerals will receive tax incentives.
Meloni and Modi outline a vision for collaboration between the two nations through 2029.
The South American country is the world’s second-largest copper and zinc producer and third-largest silver miner.
Government meeting discusses ways to ramp up mining and processing sectors.
New Critical Minerals Office, faster permitting stages, and tax credits. The province seeks to position itself as a raw materials supplier.