Japanese PM Takaichi says Japan will work with France to strengthen supply chains, including rare earths; an agreement was reached to strengthen defence ties with France
- Will work closely with France in working towards opening the Strait of Hormuz.
Context
The announcement signifies a strategic partnership between Japan and France aimed at enhancing supply chains, particularly in rare earths, which are crucial for various technologies and defense applications. This move could bolster Japan's resource security while potentially impacting the commodities market, particularly in metals, as it may lead to increased demand for rare earth elements.
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