Japan and India will jointly develop rare earth to get rid of dependence on China

According to the Nihon Keizai Shimbun reported Thursday, Japan and India next week will reach a plan to jointly develop rare earth, which will begin in Japan since 2015 imports of rare earths from India. Currently, Japan is trying to get rid of dependence on Chinese rare earths.

Reported that Japanese Prime Minister Shinzo Abe and Indian Prime Minister Modi, next week will reach a common production plan at the Tokyo summit. Reported unspecified sources.

Reported that a wholly owned subsidiary of India's Department of Atomic Energy - India signed a joint production of rare earths will be the first agreement with Toyota Tsusho Corporation in September.

According to the report, the Indian company from uranium and thorium ore production of mixed rare earth materials, the use of Toyota Tsusho production of electric and hybrid vehicles required for rare earth materials neodymium, lanthanum, cerium and praseodymium and other rare earth materials.

The report also said, the annual output of between 2,000-2,300 tonnes, representing approximately 15% of demand in Japan, the first since the beginning of February next year, exports to Japan annually about 2,000 tons.

Toyota Tsusho's spokesman said the company is checking this story.

Chinese rare earth production accounts for 90% of the world. Despite Japan's attempts to diversify sources of supply, but the current production of electronics, magnets and clean technology are still needed vast majority of rare earth from China.

This month China at the World Trade Organization (WTO) case of rare earth export restrictions in losing, was instructed to cancel strict rare earth export quotas. The case was brought by the United States, the European Union and Japan.

India hopes among Japan's Prime Minister Modi's visit to get support for a nuclear agreement and its huge market to attract investment.


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