Japan and U.S. Forge Strategic Alliance on Rare Earths and Nuclear Ventures
Japan and the U.S. have agreed on new-generation nuclear power reactors and securing rare earth supplies, aiming to reduce China's dominance. This collaboration involves U.S. President Trump and Japan's Prime Minister Sanae Takaichi. The agreement also includes considerations for stockpiling and cooperative investment in critical mineral markets.
In a strategic move to lessen dependency on China, Japan and the United States signed an agreement focusing on next-generation nuclear power reactors and rare earth security. The collaboration, signed by U.S. President Donald Trump and Japanese Prime Minister Sanae Takaichi, aims to reclaim market space for Japan's nuclear technology exports.
The pact, signed at Tokyo's Akasaka Palace, highlights the critical need to counterbalance China's overwhelming control of the rare earths market, as the nation processes over 90% globally. Both countries plan to leverage economic policy and coordinated investments to enhance the development and diversification of mineral markets.
Further reinforcing the alliance, potential cooperation in fusion energy and financial support for selected projects are on the table. Meanwhile, Japan continues its efforts to diversify LNG imports, opting for U.S. sources to replace expiring Russian contracts, despite the U.S. urging cessation of Russian energy imports.
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