Home > Uncategorized > Recycling and Reusing Rare Earth Elements Worldwide

Recycling and Reusing Rare Earth Elements Worldwide

Presented by Lynas CorporationUntil recently, the rare earths industry has been dominated by Chinese companies. All but five percent of the production of rare earths has occurred within China, which also utilizes the vast majority of the rare earths it mines and processes in its own industrial applications. Because of increasing worldwide demand, alternative sources of rare earths must be identified, and many countries have sought ways to recycle these materials instead of mining them anew.

Current prices of rare earths have made the recycling of these elements economically feasible. The United Kingdom, for example, stands to make more than £15 billion from recycling rare earths from consumer electronics. Likewise, Japanese companies are currently exploring new technologies for recycling rare earth elements. Many companies, such as Hitachi Ltd. and Toyota Motor Corp., are working to recover materials like base metals, cobalt, dysprosium, and neodymium from their products in order to safeguard against rising prices in the rare metals markets.

About Lynas Corporation: A fully integrated rare earths company based in Sydney, Lynas Corporation Ltd. has committed itself to utilizing cutting-edge technology in order to minimize the environmental impact of its actions. Lynas Corporation plans to begin full operations later in 2012.

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