Japanese Prime Minister Sanae Takaichi has proposed creating a cooperation mechanism among G7 nations for strategic mineral reserves, aiming to secure supply of critical materials for high-tech production and defense. The proposal comes amid rising geopolitical tensions, as developed countries face risks of supply shortages from major providers such as China.
According to Kyodo News, Prime Minister Takaichi’s proposal highlights the importance of G7 member states jointly building common stockpiles for minerals like lithium, cobalt, nickel, and rare earths – essential materials for producing electric vehicle batteries, electronics, and modern weaponry. The initiative is expected to be discussed at upcoming high-level G7 meetings.
Japan, heavily reliant on mineral imports, is seeking to diversify supply sources and strengthen cooperation with strategic partners. This move reflects Tokyo’s effort to adapt to new economic security challenges while reinforcing Japan’s position in global supply chains.
