Japan and Peru agree to cooperate in mineral mining technologies - Nikkei

Nikkei, a Japanese business daily, reported on Saturday that the leaders of Japan will sign a statement on cooperation on mineral mining technology later this month. The aim is to strengthen their supply chains by using Japanese technology.

Nikkei reports that Japanese Prime Minister Shigeru shiba will hold a bilateral with Peruvian leader Jose Luis Guajardo during his visit to Peru to attend the Asia-Pacific Economic Cooperation Leaders' Summit (APEC).

Japan, a country with limited resources, has actively reinforced global supply chains of critical minerals. These are essential components in electric vehicle batteries and renewable energy sources.

The Nikkei reported that the two governments are working to establish stable supply chains for vital minerals like copper and zinc in Peru using technology provided by Japanese firms. It did not give any specific sources.

Nikkei reported that Japan and Peru also plan to create a 10-year road map outlining concrete actions in five areas. These include economic cooperation, energy procurement and mineral resource security, personnel exchange, and security.

The Japanese industry ministry did not respond to requests for comment. (Reporting and editing by Raju Gopalakrishnan; Yuka Obayashi)

(source: Reuters)