Japanese auto maker Honda has established the world's first process to reuse rare earth metals extracted from nickel-metal hydride batteries. Using the newly defined process, it is able to extract over 80 percent of rare earth metals contained in used batteries at more than 99-percent purity.
Automobile manufacturer Honda has developed what is being hailed as the world's first mass-production rare earth recycling process.
DiscoveryNews reported that Honda (NYSE:HMC) will begin recycling rare earths, extracting the metals for use in their motors.
Reuters reported that Honda (TSE:7267) is launching a massive rare earth recycling program to extract the materials from used auto parts.
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