Japan and Germany agree against Chinese monopoly in critical minerals

Japanese Prime Minister Sanae Takaichi and German Chancellor Friedrich Merz agreed on cooperation in order to diversify supply sources in the field of critical minerals, where China has global dominance.

The two leaders, who met in Tokyo today, gave the message that they aim to reduce dependence on Beijing in the supply of critical minerals used in a wide range of industries, from batteries to missiles.

The Beijing administration controls the rare earth elements market, which is considered vital for both civilian and military production, on a global scale.

Since a diplomatic crisis erupted last year over claims over Taiwan, which China claims as its own territory, Beijing has imposed tighter controls on exports of some products to Japan, including some rare earth elements.

Speaking at a joint press conference with Merz, Takaichi announced that Japan and Germany will work together to diversify resources in critical minerals and develop alternative supply opportunities.

Takaichi stated that the two countries will also take steps to protect critical technologies.