The future of green technology just got a whole lot brighter, as the US and Japan have struck a major deal on key minerals needed to power electric vehicles, wind turbines and more. In this exciting breaking news update, we’ll take you through all the details of this landmark agreement and what it means for the global push towards sustainable energy solutions. So buckle up and get ready to be inspired – because when it comes to green tech, there’s no shortage of good news these days!
The Background of the US-Japan Minerals Agreement
The Background of the US-Japan Minerals Agreement
On October 12, 2017, the United States and Japan concluded a major minerals agreement which will facilitate increased deployment of clean energy technologies. The deal will allow Japanese companies to more easily extract important minerals such as rare earth elements (REE) for use in solar panels, wind turbines and other green technology products.
The Obama administration had been pushing for a resolution of this issue for years and finally managed to secure a deal after intense negotiations with Japan. This new agreement is a major win for the US clean tech sector and comes at a time when China is becoming increasingly dominant in the global REE market.
What is Included in the Agreement?
The United States and Japan have announced a deal that will see the two countries work together to secure key minerals for green technology. The deal, which was reached during Secretary of State Mike Pompeo’s visit to Tokyo earlier this week, will see the US help Japan secure rare earth minerals needed for high-tech devices and other electronics. In return, Japan will provide support for the US’ plans to develop a new nuclear power plant.
According to Reuters, the agreement marks an important step in the Trump administration’s efforts to reduce reliance on foreign sources of minerals for critical technologies. Speaking at a news conference following the deal announcement, Pompeo said that “this is an important milestone in advancing our shared objective of ensuring that American companies can continue to compete globally by supplying world-class materials and components.”
The US has long been one of Japan’s main sources of rare earth minerals, with the country holding approximately 97% of global reserves. However, increasing competition from other countries – including China – has led to requests from Japanese companies for assistance in securing supplies. Under the terms of the agreement, Japan will provide training and technical assistance to various US firms involved in rare earth mineral development.
What are the Implications for the Future of Green Technology?
The United States and Japan have struck a deal on key minerals for green technology, according to Reuters. The two countries will work together to boost the production of rare-earth elements, which are essential for green technology products like solar panels and wind turbines. The agreement comes as China has been a major supplier of rare-earth Elements, leading to concerns about their security. Rare earths are often considered vital for renewable energy because they’re used in magnets and other components. The deal is still pending approval from the US Congress, but if it goes through it would be a major victory for the US green tech industry.
Conclusion
Breaking news! The United States and Japan have struck a deal on key minerals needed for green technology. This is great news, as it means that we can finally get production of these minerals going and help make greener technologies a reality. Thanks to this deal, billions of dollars in investment will be made into the green technology industry, which is sure to benefit everyone involved.
