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
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.
US officials are discussing the potential for oil to reach USD 150/bbl, Politico reports citing sources; department now sees as likely to remain above USD 100/bbl for some time, while USD 200/bbl is not ruled out
BYD (1211 HK) says March vehicle sales were 300,222 units; March overseas vehicle sales +65.2% Y/Y
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
Indian government official says prices of agro commodities are broadly stable and closely monitored; states are being asked to use fertilisers judiciously
IEA Chief Birol says more than 12mln BPD of oil supply has been lost so far due to the Middle East crisis; the current crisis is worse than the 1970s oil shocks and the loss of Russian gas in 2022 combined
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- Will work closely with France in working towards opening the Strait of Hormuz.
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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