**Tokyo**: South Korea and Japan initiated discussions on February 27 to enhance cooperation in critical mineral supply chains, aiming for joint production and development of resources while mitigating supply chain risks through international partnerships in crucial sectors such as semiconductors and green energy.
South Korea and Japan embarked on their first official discussions regarding cooperation on critical minerals in Tokyo on February 27, as announced by South Korea’s Ministry of Trade, Industry and Energy. The talks were aimed at enhancing the stability of supply chains essential for advanced industries.
Officials from both nations deliberated on enhancing bilateral collaborations concerning critical mineral supply chains. This includes strategies for mineral reserves and the potential for joint production. The focus on these minerals stems from their importance in sectors such as semiconductors and battery production, which are pivotal to modern technology and green energy transitions.
Both countries, recognised as significant importers of critical minerals, reached a consensus to actively engage in the joint development and production of these resources in collaboration with third-party nations located in regions including Latin America, Asia, and Africa. This initiative is part of their broader strategy to mitigate supply chain risks that could impact their advanced industries.
Additionally, the countries plan to work together to reinforce the global critical mineral supply chain through forming international partnerships. This commitment indicates a strategic move by both South Korea and Japan to ensure a more reliable supply of essential materials that underpin their dynamic economies.
Source: Noah Wire Services
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