Home / Business and Economy / Sojitz Seeks Rare Earths Beyond Australia
Sojitz Seeks Rare Earths Beyond Australia
13 May
Summary
- Sojitz Corp. is seeking new rare earth sources.
- Southeast Asia and southern China border areas are targeted.
- The goal is to boost output and diversify supply.
Japanese trading house Sojitz Corp. is intensifying efforts to secure new sources of rare earths, looking beyond traditional suppliers like Australia. The company is specifically targeting regions in Southeast Asia and areas adjacent to southern China, including Laos and Cambodia, as potential new supply hubs.
This strategic diversification aims to bolster Sojitz's output of these highly sought-after materials. By expanding its supply chain, the company seeks to mitigate risks associated with over-reliance on any single source. The move is pivotal for meeting the growing global demand for rare earths, which are indispensable components in numerous advanced technologies.
