Japan to lift stockpiles of metals for EVs, wary of China's clout

Tokyo looks to secure access to lithium, cobalt and rare earths

20200127N Cobalt

Cobalt, which is essential for lithium batteries, is one of the materials that the Japanese government will seek to increase stockpiles of. © Reuters

KOSUKE TAKEUCHI, Nikkei staff writer

TOKYO -- Japan will expand its reserves of metals crucial to the production of electric vehicles and high-tech gadgets, aiming to keep pace with rising demand and ensure access as China gains increasing control over global supplies.

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