South Korea and Japan are sharing Brazilian rare earth minerals. Both two countries need these minerals to manufacture goods such as hybrid cars. China halted the earth materials when a Japans's navy arrested a chinese boat. Since this recent situation Japan has said they will now cut down their reliance of the material by a third fromChina. Both countries are turning to Brazil for the goods since chinas supply export is decreasing.
This is a new way for the economy to run without fully depending on China for everything.And opening the trading world up for other countries such as Brazil.
http://www.bbc.co.uk/news/world-south-asia-12631102
1 for the week.
ReplyDelete