Japan and EU to explore rare earth joint ventures to reduce China reliance

Published 17/07/2025, 15:50
Japan and EU to explore rare earth joint ventures to reduce China reliance

Investing.com -- Japan and the European Union are planning to consider joint public-private partnerships as part of efforts to reduce their dependence on China for critical resources like rare earths, according to a report by the Nikkei newspaper on Thursday.

The two economic powers will reportedly establish a new "economic two-plus-two" dialogue format that will bring together their foreign and economy ministers to discuss strategic cooperation.

This initiative appears to be aimed at diversifying supply chains for critical materials that are currently dominated by Chinese production and processing capabilities.

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