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Japan-Update

Japan secures steady supply of platinum metals from South Africa

Deal equals 20% of nation's demand for materials used in fuel cells and cars

An aerial view of a mine in South Africa, which holds the vast majority of global reserves of platinum group metals.   © Reuters

TOKYO -- Japan will obtain rights to buy platinum group metals worth a fifth of its annual consumption from South Africa, securing a stable future supply of the metals vital to making car exhaust filters and fuel cell vehicles.

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