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- First Japan-Korea High Level Dialogue in the Field of Critical Minerals Held
First Japan-Korea High Level Dialogue in the Field of Critical Minerals Held
February 27, 2025
On Thursday, February 27, 2025, Mr. Urata Hideyuki, Deputy Director-General, Manufacturing Industries Bureau, Ministry of Economy, Trade and Industry (METI), and Mr. Yoon Chang-Hyun, Director General for Resources Industry Policy, Ministry of Trade, Industry and Energy (MOTIE), the Republic of Korea, held the First Japan-ROK High-Level Dialogue on the Field of Critical Minerals in Tokyo. The two sides held discussions to fortify cooperation frameworks in the field of mining between Japan and the ROK.
In the dialogue, the two sides exchanged views on sharing policies for critical minerals between Japan and the ROK, cooperation in stockpiling of mineral resources, and joint production and off-take in third countries, as efforts to strengthen bilateral ties in the supply chain for critical minerals.
In order to mitigate risks in the critical minerals supply chain, they confirmed that Japan and the ROK will actively support cooperation between private companies and public institutions in the two countries and aim for joint development, production, and off-takes in regions such as South America, Asia, and Africa.
Moreover, they also committed to enhance policy coordination under multilateral cooperation frameworks on critical minerals, and actively engaging in certain frameworks, including the Minerals Security Partnership (MSP) and the International Energy Agency (IEA), to jointly hold discussions on responses to global standards and supply chain risks.
Division in Charge
Mineral Resources Division, Manufacturing Industries Bureau