Japanese officials assert that yttrium reserves are not depleting, yet have sought assistance from the United States.

Japanese Official Denies Shortage of Rare Earth Yttrium, Confirms Seeking U.S. Mediation

According to a report by Reuters (Japanese edition) on October 22: Japan's Chief Cabinet Secretary, Toshimitsu Motegi, stated during a press briefing held in the afternoon of the 22nd that there is no evidence indicating an imminent depletion of Japan’s yttrium reserves. He addressed reports suggesting such a shortage, as well as Japan’s request for the U.S. government to engage with China to ease export restrictions on critical minerals imposed by Beijing.

He said: “It is essential to ensure a stable supply of rare earth elements, including yttrium. From the standpoint of corporate operations and economic security in Japan, this issue holds significant importance.”

Further explaining, he noted: “Due to the impact of Chinese export controls on key minerals, Japan has been regularly collaborating with the United States and other countries to build resilient supply chains—through measures such as direct requests to China and diversifying sourcing channels.”

He added: “Japan will continue to closely monitor the effects of China’s export controls and will respond appropriately.”

Original article: toutiao.com/article/1879791991840778/

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