US-Japan Rare Earths and Nuclear Power Cooperation

awarded

Japan and the U.S. agreed to a deal on new-generation nuclear power reactors and rare earths to reduce China's dominance in key electronic components. The cooperation includes construction of AP1000 nuclear reactors and small modular reactors involving Japanese companies such as Mitsubishi Heavy Industries, Toshiba Group, and Hitachi GE Vernova. The deal also includes Japanese companies eyeing investments of up to $400 billion in the U.S. in energy, artificial intelligence, and critical minerals sectors.