Home / Metal News /  / Newssummary: India, Japan Join to Counter China Rare Earth Monopoly
Newssummary: India, Japan Join to Counter China Rare Earth Monopoly
May 20,2015 17:48CST
company news
Source:SMM
India’s state-owned Indian Rare Earths Ltd (IREL) and Japan’s Toyota Tsusho Corporation have struck a deal to jointly harness mixed rare earth chloride, the Indian Express reported.

 

SHANGHAI, May 20 (SMM) – India’s state-owned Indian Rare Earths Ltd (IREL) and Japan’s Toyota Tsusho Corporation have struck a deal to jointly harness mixed rare earth chloride, the Indian Express reported. 
 
This bold move aims to challenge overwhelming dominance of China in the rare earth industry. The venture also marks India’s re-entry into rare earth production since 2004 when the country stopped production due to lack of market competitiveness, the media added.
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.  
 
 
China rare earth
Chinese news summary

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news