Japan and India hold first event focused on recycling of key minerals
The global market for critical minerals, including rare earths, is dominated by China, making it necessary for both Japan and India to rely heavily on imports.
On Friday, Japan and India hosted their inaugural joint government event in New Delhi, focusing on the recycling of key minerals crucial for the global market. The gathering, attended by approximately 130 attendees comprising government officials and recycling industry professionals, featured panel discussions and presentations.
Given that China currently dominates the global market for critical minerals, such as rare earths, Japan and India must increasingly rely on imports. India, being the third-largest producer of electronic waste, shares a similar predicament with Japan.
The two nations aspire to leverage underutilized resources to lessen their dependence on Chinese mineral supplies. The event, co-hosted by Japan's Environment Ministry, aimed to facilitate connections between participating companies. Joji Murakami, a senior representative from Honda Trading, a Honda-affiliated Japanese company, highlighted the global demand for rare earth minerals, which are integral components in various automobile parts.
Honda is actively seeking Indian recycling partners to diversify its supply chain and reduce reliance on Chinese sources.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
