The US and Japan have reportedly reached an agreement on critical minerals for electric vehicle batteries.

What happened: The US and Japan have reached an agreement on trade in key minerals electric vehicle Batteries, the AFP news agency reported, citing US officials.
The trade deal with Japan is an attempt to resolve supply chain issues affecting EV makers, the report added. China alone currently dominates the sector.

The agreement also aims to reduce the US and Japan’s dependence on China for such materials.

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