Hitachi Develops Machinery to Recycle Rare Earths

Rare Earth Investing

Bloomberg reports that Hitachi Ltd. said it developed machinery to harvest rare earth metals from discarded hard- disk drives and compressors.

Bloomberg reports that Hitachi Ltd. said it developed machinery to harvest rare earth metals from discarded hard- disk drives and compressors.

The market news is quoted as saying:

The machine can extract 100 rare earth magnets from hard disk drives per hour, about eight times faster than manual labor, Tokyo-based Hitachi said in a statement today. The company plans to get 10 percent of its rare-earth needs through recycling when the business begins operating in fiscal 2013, according to spokeswoman Satoko Yasunaga.

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