Japan May Spend on Rare Earths After China’s Cut, Ohata Says

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Japan may budget measures to secure supplies of rare earths after China curtailed exports of the minerals, said Japan’s Trade Minister Akihiro Ohata.

The Ministry of Economy, Trade and Industry “hopes” to ask for a supplementary budget to secure stable rare earth supplies, Ohata told Jiji Press today. The comments were confirmed by a ministry spokesman, who didn’t want to be identified.