US and Japan Launch Action Plan for Critical Minerals

The US and Japan launched an action plan Thursday to set price floors for critical minerals. The plan aims to boost resilience and reduce trade distortions.

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The United States and Japan have unveiled a strategic action plan to strengthen cooperation on critical minerals and rare earths, aiming to establish supply chain alternatives to China. The initiative, announced on Thursday, focuses initially on implementing price floors for a select group of minerals to bolster market stability.

Security personnel keep watch beneath the U.S. and Japan flags as U.S. President Donald Trump departs Haneda Airport for South Korea, in Tokyo, Japan, October 29, 2025. REUTERS/Evelyn Hockstein/File Photo
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