Japan PM Takaichi Plans Australia Visit to Discuss Rare Earths and Supply Chain Diversification
Japanese Prime Minister Sanae Takaichi is set to visit Australia to discuss the supply chains for rare earth elements and ensure safe navigation in the Strait of Hormuz. This visit follows Japan's recent rare earths agreement with France, as reported by Japan's public broadcaster NHK. The discussions are part of a broader effort by Japan and Western governments to diversify their supply chains, which are currently dominated by China, the leading global producer and supplier of rare earths. The meeting will also cover the 'free and open Indo-Pacific' initiative, highlighting the strategic importance of the region. Australian miners have been capitalizing on this shift, with companies like Lynas securing potential deals, such as one with South Korea's LS Eco Energy. Additionally, the Australian resources minister has indicated that France is among the countries planning to invest in Australian critical mineral projects. 
