Japan Will Import Rare Earth From India Instead of China
- Details
- Category: Tungsten's News
- Published on Thursday, 04 September 2014 09:02
As Japanese Economic News reported that, Mr Modi, India prime minister, will visit Japan on 1st, September for reaching an agreement on the cooperation of rare earth production and export. Japan is expected to import rare earth from India for the first time so as to reduce dependence on Chinese rare earth.
With the leading of Japanese and Indian government, the related enterprises from these two countries will sign an agreement about rare earth production in mid-September. The annual output of rare earth in this cooperative project will be from 2,000 to 2,300 ton, accounting for 15% or so of total demand in Japan, and these rare earth will be exported to Japan.
It is reported that over 90% of rare earth in Japan is imported from China. Since collision incident occurred in 2010 China has reduced the export output of rare earth to Japan so that Japan has had to seek for more alternative sources.
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