An Australian mineral sands giant ILUKA RESOURCES announced its intention on the full-scale sales of rare earths in Japan from 2026. It appears to be a drastic decision that captures the timing of Japan's acceleration of carbon neutrality and climate change mitigations, as work on the 7th Basic Energy Plan begins to move forward. MIRU has conducted an exclusive interview to Mr. Owen Gray, General Manager of Market Development at Iluka Resources Limited about their aims and sales strategy, which may bring a new perspective to the Japanese rare earth market where is highly dependent on China now.
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