South Korea Launches R&D Project to Recycle Fuel Cells and Rare Earth Magnets From Scrapped Hydrogen Vehicles

Published: Jun 11, 2026 10:02

South Korea will launch a national R&D project to reuse fuel cells and rare earth permanent magnets recovered from scrapped hydrogen vehicles.

The Ministry of Climate, Energy and Environment and the Korea Environmental Industry & Technology Institute announced on June 8 that they will begin a national R&D project to safely dismantle end-of-life hydrogen vehicles and reuse or recycle their key components.

The ministry will invest KRW 40.8 billion from this year through 2029 to develop technologies in three major areas: safe removal of residual hydrogen and dismantling of key components; development of power generation systems using reused hydrogen storage tanks and fuel cells; and recovery of permanent magnets from end-of-life drive motors and conversion into high-purity rare earth materials.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SMM Rare Earth Afternoon Trading Comment on September 7
14 hours ago
SMM Rare Earth Afternoon Trading Comment on September 7
Read More
SMM Rare Earth Afternoon Trading Comment on September 7
SMM Rare Earth Afternoon Trading Comment on September 7
14 hours ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd series raised by futures boost but transactions failed to follow, medium-heavy rare earth dysprosium and terbium stable with slight adjustments, magnetic material followed the rise but spot orders limited
21 hours ago
[SMM Rare Earth Morning Meeting Summary] Pr-Nd series raised by futures boost but transactions failed to follow, medium-heavy rare earth dysprosium and terbium stable with slight adjustments, magnetic material followed the rise but spot orders limited
Read More
[SMM Rare Earth Morning Meeting Summary] Pr-Nd series raised by futures boost but transactions failed to follow, medium-heavy rare earth dysprosium and terbium stable with slight adjustments, magnetic material followed the rise but spot orders limited
[SMM Rare Earth Morning Meeting Summary] Pr-Nd series raised by futures boost but transactions failed to follow, medium-heavy rare earth dysprosium and terbium stable with slight adjustments, magnetic material followed the rise but spot orders limited
[Pr-Nd series raised on futures boost but transactions lagged, medium-heavy rare earth dysprosium and terbium stable with slight adjustments, magnetic material price hikes limited by spot orders] Last week, Pr-Nd oxide quotations were broadly raised, buoyed by stronger futures, with low-priced spot cargo in the market visibly dwindling. Gains narrowed slightly near the close, but downstream magnetic material enterprises remained cautious in purchasing and showed limited acceptance of high prices, leaving actual transactions insufficient to follow through. Dysprosium oxide prices held steady for the time being, with market inquiries maintaining a just-in-time pace. Terbium oxide also remained stable, while transactions for high-priced cargo struggled to move forward.
21 hours ago
Jintian Co., Ltd.: H1 net profit up 18.44% YoY, total copper and copper alloy material production at 959,500 mt
Sep 4, 2026 19:09
Jintian Co., Ltd.: H1 net profit up 18.44% YoY, total copper and copper alloy material production at 959,500 mt
Read More
Jintian Co., Ltd.: H1 net profit up 18.44% YoY, total copper and copper alloy material production at 959,500 mt
Jintian Co., Ltd.: H1 net profit up 18.44% YoY, total copper and copper alloy material production at 959,500 mt
Sep 4, 2026 19:09
South Korea will launch a national R&D project to reuse fuel cells and - Shanghai Metals Market (SMM)