Rare earth resources are essential for decarbonisation and production of electric vehicles. Read more at straitstimes.com.
TOKYO - Japan and Saudi Arabia are expected to agree on joint investment to develop rare earth resources during Prime Minister Fumio Kishida’s visit to the Middle East starting on Sunday, Nikkei reported.
Rare earth resources are essential for decarbonisation and production of electric vehicles in particular as Japan aims to be carbon-neutral by 2050 and Saudi Arabia is also actively trying to diversify its oil-reliant economy.
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