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Japan's Finance Minister says Japan needs to take away China's power to 'weaponize' rare earths

Japan's Finance Minister has emphasized the need to curb China's influence over rare earths, framing it as a significant geopolitical concern.

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Japan's Finance Minister says Japan needs to take away China's power to 'weaponize' rare earths

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  • "We want to create a [rare earth] market of proper democracies and market economies." 
  • "If we don't take away China's means" of monopolizing and weaponizing the metals, "it will become a constant threat in areas with nothing to do with security." 
Context

This move to establish a more democratic market for rare earths could lead to shifts in global supply chains, impacting commodity prices and strategic partnerships within the region, especially for industries reliant on these resources.

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