Kazakhstan and Japan To Jointly Develop Rare Earths

Reuters reported that Kazakhstan and Japan are working on an agreement to work on rare earths projects together and reduce dependence on the metals from China.

As quoted in the market news:

Japan and Kazakhstan will build a plant in Stepnogorsk, northern Kazakhstan and use technology developed by Shin-Etsu Chemical Co to isolate dysprosium, used in motors for electric and hybrid cars, from soil processed for uranium.

Click here to read the full Reuters report.