US - Japan sign rare earth agreement

VTV.vn - The leaders signed documents, including an agreement on important minerals, at Akasaka Palace in Tokyo.

US President Donald Trump and Japanese Prime Minister Sanae Takaichi signed a framework agreement on securing rare earth supplies on October 28, as the US leader is set to meet Chinese President Xi Jinping on October 30.

The leaders signed documents, including the agreement on key minerals, at Tokyo's Akasaka Palace. Neither side publicly mentioned China, which processes more than 90% of the world 's rare earths and has recently expanded restrictions on exports of the materials.

Under the agreement, the United States and Japan will use economic policy tools and coordinate investments to accelerate the development of diversified markets, ensuring liquidity and fairness for critical minerals and rare earths. The White House said the two sides will also consider complementary reserve arrangements and cooperate with other international partners to ensure supply chain security.

The agreement comes ahead of an upcoming meeting between Donald Trump and Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, which is expected to focus on halting higher US tariffs and Chinese controls on rare earth exports.

Japan has pledged to invest $550 billion in the US economy as part of a broader bilateral trade deal, which could also include power generation and liquefied natural gas (LNG), according to sources familiar with the talks.

Ahead of his Asia trip, Mr. Trump urged Russian energy customers, including Japan, to stop importing from the country. Japan has increased its purchases of U.S. LNG in recent years to diversify its sources and prepare for the expiration of contracts with Russia’s Sakhalin-2 project, which currently meets 9% of its gas needs.

Source: https://vtv.vn/my-nhat-ban-ky-thoa-thuan-dat-hiem-100251028160741158.htm