Japanese PM Takaichi is planning to visit Australia later this month to discuss seeking to discuss strengthening supply chains for rare-earth elements and cooperation on safe navigation in the Strait of Hormuz, Nikkei reports citing sources

The planned visit by Japanese PM Takaichi to Australia is a strategic move aimed at reinforcing supply chains for rare-earth elements, crucial for various industries and technologies. This development not only enhances bilateral cooperation but could also impact market sentiment in commodities, particularly in the rare-earth space, as countries seek to secure essential resources amid global supply chain challenges.