08 September 2011

Fuji Kosan Embarks on Neodymium Magnet Recycling Venture

(8 Sep 2011) According to an article in the Nikkan KogyoShimbun, Fuji Kosan Company, Ltd. has begun a feasibility study to look into commercial opportunities regarding collection and re-use of neodymium magnets used in hybrid vehicles. Fuji Kosan plans to have a recycling network in place four or five years down the road that can help provide Japanese manufacturers access to stable supplies of Neodymium.

China now accounts for 98% of the world’s production of the high-priced rare earth material.

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