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2025-10-28 11:46:57
[US and Japan Jointly Promote Critical Mineral Supply Security] 1. According to foreign media reports, the United States and Japan signed an agreement on Tuesday to deepen cooperation in the critical minerals sector. According to the framework agreement, signed by US President Trump and Japanese Prime Minister Sanae Takaichi during his visit to Tokyo, the two governments will work together to "support the supply of raw materials and processed critical minerals and rare earths that are critical to domestic industries in the United States and Japan." While lacking specific details, the document outlines a wide range of potential areas for cooperation, ranging from deploying financial assistance or trade measures to stockpiling commodities and investment projects. Critical products mentioned include magnets, batteries, catalysts, and optical materials. 2. Last week, the United States and Australia announced a similar agreement aimed at facilitating US access to rare earths and other critical minerals. According to the text of the US-Japan agreement, the goal of both parties is to help both countries achieve resilience and security in their critical mineral and rare earth supply chains, covering mining, separation, and processing. 3. The two countries plan to implement measures within six months to provide financial support for selected projects to produce final products for buyers in the United States and Japan, and to supply like-minded countries as appropriate.
