Japan Aims to Cut Rare Earth Use by 10,000 Tonnes

Reuters reports that as Tokyo seeks to reduce reliance on receiving rare metals from China, the Japanese government aims to cut rare earth usage by 10,000 tonnes per year within a few years, a trade ministry official said on Friday,

The market news is quoted as saying:

The official told reporters the government will spend 33.1 billion yen ($404.2 million) in subsidies to projects to reduce consumption of rare earths, for which Japan relies heavily on imports from China.

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