Japan and India have largely agreed to jointly produce rare earth metals which could be exported to Japan as soon as next year, sources close to the matter said Thursday.
Indian Prime Minister Narendra Modi, who is to arrive in Japan for an official visit, and his Japanese counterpart Shinzo Abe are expected to welcome the joint production deal in their summit in Tokyo, according to Japan's News Agency (Kyodo).
At least 1,000 tons of rare earths, which are vital to the production of high-tech products such as hybrid cars and mobile phones, will be exported to Japan annually, they said.
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