On May 14, 2026, Japanese Prime Minister Takaichi declared that Japan and South Korea will enhance cooperation on securing strategic mineral supplies. This move aims to reduce reliance on external sources and bolster economic security amid escalating geopolitical tensions.
According to the statement, the two countries will coordinate to develop and diversify supply chains for critical minerals such as lithium, cobalt, and rare earths—essential materials for battery production, electric vehicles, and high-tech industries.
Prime Minister Takaichi emphasized that this collaboration will allow both nations to leverage each other's technological and resource strengths, aiming to build a sustainable and secure supply chain.
Details of specific agreements and the expected implementation roadmap are to be disclosed in upcoming bilateral meetings between officials from both countries.
