The Japanese are increasingly looking to secure further resources supplies in Australia, with a focus on rare earths, to stem the dominance China has on the market.
Tomio Harada, the Australian general manager of the government-backed Japan Oil, Gas & Metals National Corp, Jogmec, said the group was focused on finding new opportunities in Australia in rare earths and the uranium sector.
Japanese media have recently reported a high level of awareness in Japan of China's stranglehold on rare earths and, if Japan cannot find alternative supplies, its technology industries could be disadvantaged.
"Rare earths, used in green technology, is dominated by China. In Australia there is Arafura and Lynas Corporation developing rare earths mines and we are keen to look in that area," Mr Harada said.
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The Japanese are increasingly looking to secure further resources supplies in Australia, with a focus on rare earths, to stem the dominance China has on the market.
