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Japan endorses FORGE forum, pledges strategic investment to diversify critical minerals supply
Summary
Japan's state minister for foreign affairs, Yuel Hori, endorsed FORGE (Forum on Resource Geostrategic Engagement) at the ministerial and described Japan's policy measures including a $3.5 billion budget allocation and new investment frameworks to diversify upstream supply and enhance refining capacity.
Japan's state minister for foreign affairs, Yuel Hori, told the ministerial that Japan shares "a deep sense of concern and urgency" over disruptions to critical mineral supply chains and welcomed the launch of FORGE as a venue to coordinate policy and industrial engagement.
Hori outlined Japan's recent and planned measures: the 2022 economic security promotion act that designated critical minerals as a priority, public–private support measures to expand investment, and a cited budget allocation of $3,500,000,000 to promote strategic investment. He emphasized that diversification of supply, refining and processing is essential and urged collective international action.
"With the launch of FORGE, now it is time for action," Hori said, calling on partners to deepen cooperation on both upstream and downstream measures. He described Japan's commitment to engage with like-minded countries, including work with the United States and the European Union, and urged industrial engagement to ensure effective implementation.
The ministerial proceeded to plenary sessions where participating countries and agencies were expected to discuss technical standards, financing arrangements and industrial roles under FORGE and the proposed preferential-trade approaches presented by U.S. leaders.
