Japan and the United States have on March 28 in Washington signed and entered into force the “Agreement between the Government of Japan and the Government of the United States on Strengthening Critical Minerals Supply Chains” (Japan-U.S. Critical Minerals Agreement (CMA)).
The Japanese Ministry of Economy, Trade and Industry (METI) said that facing the prospect of significant increase in demand of electric vehicle batteries, it is urgent to secure critical minerals which are essential to the production of clean vehicles. The agreement is envisaged to build robust supply chains through coordination between Japan and the U.S. and among like-minded countries with strengthened cooperation for ensuring sustainable and equitable supply chains for such critical minerals, including to promote the goals of the Inflation Reduction Act.
Download the agreement here.
No comments yet.