00:00Australia and Japan are stepping up cooperation on critical minerals during a state visit by Japan's Prime Minister,
00:07with more than 1.67 billion Australian dollars committed to the sector.
00:12The partnership will focus on strategic projects to strengthen supply chains across mining, refining and manufacturing.
00:21Australia currently provides around one-third of Japan's energy imports and is a major supplier of liquefied natural gas LNG.
00:30Both nations are looking to secure energy and resource supply as tensions in the Middle East disrupt global trade.
00:37Japan has committed about 370 million Australian dollars in investments and grants,
00:44while Australia has pledged up to 1.3 billion, with further funding expected as projects progress.
00:51Separately, Japan last month signed a deal worth around 10 billion Australian dollars to supply Australia with warships,
00:58its most significant defence export since easing a ban in 2014.
01:03A joint statement on energy security.
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