Japan is defending its rare earth industry from foreign takeovers ...Middle East

Quartz - Economy
Japan is defending its rare earth industry from foreign takeovers
As the world embarks on an energy transition that will likely see fossil fuels take a back seat to renewables like wind and solar, a new set of industries is emerging as key to countries’ national security. These include sectors that mine, process, and use critical metals that are vital to batteries and wind turbines. In a sign of how important yet vulnerable these industries are, Japan now wants to better protect them from unwanted foreign takeovers.Last month, the Japanese government put forward a proposed amendment to existing foreign exchange and foreign trade legislation that would add industries related to critical rare metals—including lithium, cobalt, and rare earths—to a list of key

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