published on 4/23/13
While oil has been the motivating factor for US-led wars in the Middle East, many are wondering what might be behind their constant belligerence towards Pyongyang.
But while North Korea may not have oil, the estimated value of their mineral deposits is a staggering $6 trillion, according to the South Korean government.
North Korea is sitting on world's second-largest supply of rare earth metals, which are essential for modern electronics like laptops, smartphones, solar electricity panels and precision missiles.
The US, along with their allies Japan, Taiwan and South Korea, three major producers of sophisticated electronics, are surely interested in this vital supply of natural resources.
But China already accounts for nearly 95% of the world's rare earth production, as nearly half of all Chinese firms registered in North Korea are mining companies.
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