"The effective closure of the Strait of Hormuz has been inflicting enormous impact on the Indo-Pacific, Takaichi said on Monday. We affirmed that Japan and Australia will closely communicate with each other in responding with a sense of urgency."
"Australia provides approximately one-third of Japan's energy supplies and is the country's largest market for liquefied natural gas. Both Canberra and Tokyo have been trying to shore up energy supplies due to the Iran war."
"Australia has announced plans to provide support of up to $1.3 billion Australian dollars (US$937m) to critical mineral projects with Japanese involvement, creating the potential to supply Japan with resources including gallium, nickel, graphite, rare earths and fluorite."
Sanae Takaichi visited Australia to sign agreements enhancing cooperation on energy and critical minerals. The Strait of Hormuz's closure due to the US-Israeli war on Iran has severely impacted oil supplies, particularly affecting Asia. Japan relies heavily on Australia for energy, with one-third of its supplies coming from there. Both nations are committed to urgent communication and collaboration to address these supply challenges. Australia plans to invest in critical mineral projects to support Japan's resource needs, ensuring a stable supply of essential materials.
Read at www.aljazeera.com
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