Japan Proposes JOGMEC Mineral Investment Freedom
Japan proposed allowing the state-owned JOGMEC to invest in critical mineral projects without requiring Japanese company participation. The move aims to boost supply security amid rising global competition and tightened Chinese export controls.
Japan proposed allowing state-backed agency JOGMEC to invest in critical mineral projects independently, removing the requirement for domestic corporate partners. The shift is designed to accelerate supply chain securing amid intensifying resource competition. China recently tightened export controls on rare earths, prompting Tokyo to overhaul its critical minerals strategy.
