Honda Plans to Recycle Rare Earths in Used Car Parts

Reuters reported that Honda (TSE:7267) is launching a massive rare earth recycling program to extract the materials from used auto parts.

As quoted in the market news:

Honda has partnered Japan Metals & Chemicals Co to begin extracting rare earth metals this month from nickel-metal hydride batteries collected from used hybrid vehicles at its dealers around the world, the Japanese automaker said.

Click here to read the full Reuters report.