Honda Launching Rare Earth Recycling Program

DiscoveryNews reported that Honda (NYSE:HMC) will begin recycling rare earths, extracting the metals for use in their motors.

As quoted in the market news:

Honda dealerships will collect used batteries from customers and then send the parts to Japan Metals and Chemicals for the actual recycling. Japan Metals and Chemicals plans to disassemble the batteries, sort out the active substances, and then extract both rare earth elements as well as the nickel and cobalt.

Click here to read the full DiscoveryNews report.