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Japan to slash use of a (dysprosium) as China tightens grip
China produces about 95 percent of global rare earth supplies, but says that excessive production is depleting its reserves and damaging its environment.
Japan's government said it would spend 5 billion yen ($65 million) in two years on assisting companies in cutting their usage of the dysprosium through recycling and the development of dysprosium-free products. It aims to slash the metal's domestic use by 200 tonnes to 400 tonnes a year.
"All domestic makers of high-power magnets that use dysprosium have applied for the scheme," a Ministry of Economy, Trade and Industry official said.
Japan's high-powered magnet makers are grappling with tight supplies of dysprosium, which is commercially available at a reasonable cost only in China.
http://news.yahoo.com/japan-slash-heavy-rare-earth-china-tightens-grip-093552135.html
Japan's government said it would spend 5 billion yen ($65 million) in two years on assisting companies in cutting their usage of the dysprosium through recycling and the development of dysprosium-free products. It aims to slash the metal's domestic use by 200 tonnes to 400 tonnes a year.
"All domestic makers of high-power magnets that use dysprosium have applied for the scheme," a Ministry of Economy, Trade and Industry official said.
Japan's high-powered magnet makers are grappling with tight supplies of dysprosium, which is commercially available at a reasonable cost only in China.
http://news.yahoo.com/japan-slash-heavy-rare-earth-china-tightens-grip-093552135.html
