Germany hopes to get key raw materials from Mongolia

Oct 14, 2022, 7:43 AM | Updated: 8:48 am
German Chancellor Olaf Scholz, right, and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, arriv...

German Chancellor Olaf Scholz, right, and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, arrive for a joint press conference after a meeting at the chancellery in Berlin, Germany, Friday, Oct. 14, 2022. (AP Photo/Michael Sohn)

(AP Photo/Michael Sohn)

BERLIN (AP) — German Chancellor Olaf Scholz said Friday that his country wants to strengthen ties to Mongolia, citing the country’s wealth of key commodities such as copper and rare earth metals.

Speaking after a meeting in Berlin with Mongolian Prime Minister Luvsannamsrain Oyun-Erdene, he said the two leaders had agreed to “deepen and also expand cooperation between our two countries.”

Scholz said combating climate change and transforming the energy sectors would be the focus of a meeting in Mongolia next year, adding that the country has “enormous potential when it comes to wind and solar power.”

Germany, meanwhile, is keen to strike deals to import more commodities from the landlocked Asian nation to reduce its reliance on countries such as Russia and China.

“Mongolia will become an important partner for many raw materials in our diversification strategy,” said Scholz, adding that concrete projects now need to be identified and legal certainty for investments ensured.

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              German Chancellor Olaf Scholz attends a joint press conference with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene after a meeting at the chancellery in Berlin, Germany, Friday, Oct. 14, 2022. (AP Photo/Michael Sohn)
            
              Mongolia Prime Minister Luvsannamsrai Oyun-Erdene, left, and German Chancellor Olaf Scholz, right, addresses the media during a joint press conference after a meeting at the chancellery in Berlin, Germany, Friday, Oct. 14, 2022. (AP Photo/Michael Sohn)
            
              Mongolian Prime Minister Luvsannamsrai Oyun-Erdene addresses the media during a joint press conference with German Chancellor Olaf Scholz after a meeting at the chancellery in Berlin, Germany, Friday, Oct. 14, 2022. (AP Photo/Michael Sohn)
            
              German Chancellor Olaf Scholz, right, and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, left, arrive for a joint press conference after a meeting at the chancellery in Berlin, Germany, Friday, Oct. 14, 2022. (AP Photo/Michael Sohn)
            
              German Chancellor Olaf Scholz, right, and Mongolian Prime Minister Luvsannamsrai Oyun-Erdene, arrive for a joint press conference after a meeting at the chancellery in Berlin, Germany, Friday, Oct. 14, 2022. (AP Photo/Michael Sohn)

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Germany hopes to get key raw materials from Mongolia