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Japan, US to Boost Rare-Earth Resources Amid China Reliance

3/16/2026

50 8 Full Breakdown

Summary

Story summary

Japan and the United States plan to confirm joint development of rare-earth resources off Minamitorishima at a summit on March 19.
The initiative aims to reduce Japan's reliance on Chinese supplies, which dominate over 90% of global rare-earth output.
Experts caution that deep-sea mining is hindered by high costs and technical challenges.
Japan Australia Rare Earths has secured a supply agreement with Lynas Rare Earths to diversify partners.

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Story summary

Japan and the United States plan to confirm joint development of rare-earth resources off Minamitorishima at a summit on March 19.
The initiative aims to reduce Japan's reliance on Chinese supplies, which dominate over 90% of global rare-earth output.
Experts caution that deep-sea mining is hindered by high costs and technical challenges.
Japan Australia Rare Earths has secured a supply agreement with Lynas Rare Earths to diversify partners.