US and Japan strengthen ties with rare earths deal ahead of Trump-Xi summit
Originally Published 2 months ago — by Reuters
US and Japan signed a framework agreement to secure rare earths and critical minerals supply, aiming to reduce dependence on China, which dominates over 90% of global rare earth processing. The deal includes economic policy tools, investment, and stockpiling strategies, amid ongoing US-China tensions and upcoming talks between Trump and Xi Jinping. Japan also plans significant investments in US energy, including LNG, to diversify away from Russian and Australian sources, while urging Japan to replace Russian energy imports with US supplies.
