News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Japan to pour investment into non-China rare-earth projects

The date of: 2020-02-17
viewed: 3

source:Nikkei Asian Review-

TOKYO -- The Japanese government will cooperate with the U.S. and Australia on investing in processing facilities for rare-earth metals, looking to ease reliance on imports from China.

Rare earths are essential to such high-tech machinery as motors for electric vehicles. But Japan imports 58% of its supply from China,  Tokyo plans to bring the Chinese share down to 50% or less by 2025.

Tokyo is discussing a cooperation deal with the U.S. and Australia. Smelting facilities under construction in the U.S. state of Texas that will be operated by Australian rare-earths miner Lynas are a probable investment target. That site is scheduled to come online in the middle of the decade.

Other investment targets will be considered, primarily in the U.S. and Australia.

Japan will conduct the financing through a government-owned resource investment company: the Japan Oil, Gas and Metals National Corp., or Jogmec. Legislation will be revised to allow it to take stakes in rare-earths smelting projects.



Hot News / Related to recommend
  • 2022 - 06 - 24
    Click on the number of times: 0
    source:azomFerroelectric materials are known as substances that exhibit spontaneous electrical polarization. Polarization implies the isolation of the negative and positive charges present inside a ma...
  • 2022 - 06 - 23
    Click on the number of times: 0
    source:bismarcktribuneNorth Dakota can’t be accused of not trying when dealing with its resources. Among other efforts, it has focused on renewable energy, has set lofty goals for carbon capture and h...
  • 2022 - 06 - 21
    Click on the number of times: 1
    source:nanowerk(Nanowerk News) Erbium-doped fiber amplifiers (EDFAs) are devices that can provide gain to the optical signal power in optical fibers, often used in long-distance communication fiber op...
  • 2022 - 06 - 20
    Click on the number of times: 1
    source:eurekalertmechanoluminescent materials are subjected to external mechanical stress, they emit visible or invisible light. Such excitation can occur due to bending or gentle pressure, for exampl...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务