Rare metals, which are widely used in applications ranging from automobiles, electronics and aviation to IT and environmental protection, are an important and vital resource for Japanese industry. JOGMEC has been promoting a national rare metal stockpiling project as a safeguard against short-term supply interruptions of rare metals and to stabilize the Japanese economy.
National rare metals stockpiling project
The rare metals stockpiling system was established in 1983 as a cooperative system between the government and private sector, to ensure natural resource security and economic security. Since then JOGMEC has been engaged in the national rare metal stockpiling project. Stockpiled rare metals will be released in response to interruption of supply from overseas or shortage in domestic supply.