Honda to Pursue Reuse of Rare Earth Metal Magnets in Hybrid Motors

Honda Motor Corp (NYSE:HMC) announced that together with TDK Corporation and Japan Metals & Chemicals Co., Ltd., they plan to pursue the reuse of a rare earth metal for use in  magnets of new hybrid vehicle motors.

As quoted in the press release:

In early March of this year, Honda began supplying a battery manufacturer with rare earth metals extracted from used nickel-metal hydride batteries at a JMC plant for reuse in new nickel-metal hydride batteries of hybrid vehicles. Now, Honda will expand the reuse of extracted rare earth metals to motors for hybrid vehicles to achieve the further recycling of this limited and precious resources.

To view the whole press release, click here.