Japan Strives to Slash Consumption of Heavy Rare Earths

Reuters reported that Japan is working to reduce its consumption of heavy rare earths.

As quoted in the market news:

Japan’s government said it would spend 5 billion yen ($65 million) in two years on assisting companies in cutting their usage of the dysprosium through recycling and the development of dysprosium-free products. It aims to slash the metal’s domestic use by 200 tonnes to 400 tonnes a year.

Click here to read the full Reuters report.