Japan loosens China’s grip on rare earths supplies
Japan is pushing to secure at least 60 percent of its rare earth needs from outside China within four years, as it bolsters efforts to curb its dependence on the world’s biggest producer of elements crucial in smart phones, computers and cars.
Japan aims to sign a deal as early as this month that would give it four types of light rare earths from India, and has helped fund an Australian rare earths mine and Malaysian processing plant built by Australia’s Lynas.
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