Japan intends to co-production with India in the field of electric vehicles for rare earths

It is reported that Japan will sign an agreement with India, scheduled for 2015 co-production of rare earths in India, in order to reduce dependence on China in this regard.

According to Nikkei Shimbun reported that Indian Rare Earth (Indian Rare Earths) as early as September signed an agreement with Japan's Toyota Tsusho to conduct a joint production of rare earths.

Indian RE company will produce uranium, thorium and other mixed rare earth materials, and supplies to Toyota Tsusho, which will use these materials for electric vehicles and hybrid vehicles, and other fields.

Supply will begin early next year in February, the annual production of rare earth about 2,000 to 2,300 tons, the equivalent of Japan's overall demand for rare earths by 15%.

China's rare earth production accounts for over ninety percent of global output, the past few years, the Chinese government gradually restrict the export of rare earths, Japan has been trying to reduce its reliance on China in this regard.


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