Japan and Germany Sign Declaration on Critical Minerals
Overview
Japan and Germany will advance cooperation on joint investment and offtake, supply chain diversification and resilience, responsible supply chains, and the circular economy in the critical minerals sector. The joint declaration of intent establishes a framework to deepen cooperation and promote dialogue, with collaboration across five areas. Concrete measures include exploring opportunities for joint investment and supporting businesses, identifying mineral projects, reducing risks and dependencies arising from disruptions, exploring ways to promote ESG standards, and identifying projects related to the circular economy.
Key points
- Japan and Germany have issued a joint declaration of intent to advance cooperation in the critical minerals sector.
- The declaration establishes a framework to deepen cooperation and promote dialogue.
- The five areas of cooperation are joint investment and offtake, supply chain integration, resilience, responsible supply chains, and circularity.
Overview
The two countries will advance cooperation in the critical minerals sector on joint investment and offtake, supply chain diversification and resilience, responsible supply chains, and the circular economy.
Details
They will explore opportunities for joint investment and support businesses to promote joint offtake.
They will identify mineral projects and cooperate to integrate and strengthen supply chains. They will also identify potential disruptions and seek to reduce related risks and dependencies.
They will explore ways to promote high ESG standards and identify projects that advance circular economy initiatives.