All articles tagged with #rare earth resources
The US and Australia signed an $8.5 billion deal to develop critical minerals and rare earth resources, aiming to reduce dependence on China amid China's export restrictions, while also strengthening their security partnership through AUKUS, as they seek to counter China's influence in global supply chains.
Japan and Saudi Arabia are expected to agree on joint investment to develop rare earth resources during Prime Minister Fumio Kishida's visit to the Middle East. The cooperation aims to explore development projects in other countries and accelerate the development of resources currently being explored in Saudi Arabia, including copper, iron, and zinc. This partnership is crucial for both countries as Japan aims to achieve carbon neutrality by 2050 and Saudi Arabia seeks to diversify its oil-reliant economy.