Japan's policy to encourage the introduction of subsidies to reduce the use of rare earth

 METI issued on February 25 the total 33.1 billion yen (1 U.S. dollar equals 83 yen) of government subsidy policies designed to encourage Japanese companies to reduce utilization of rare earth.

the subsidy policy will be for 110 projects in 160 companies, including the recycling of rare earth, rare earth expand the amount of such reduction and import channels, such as Toshiba introduced without the use of Cerium grinding equipment items, Toyota, Nissan auto parts developed non-rare earth materials laboratory equipment investment, the Japanese heavy chemical industry new material forged alloy with rare earth projects.

and Industry in Japan by the hope that through these subsidy policy, the future demand for rare earth can Japan 3 million tons a year from now reduced to 2 million tons, while ensuring that the use of a new generation of rare-earth core of environmentally friendly vehicles and parts industry to stay in Japan.

first decision than 160 projects, the Japanese by the middle province also plans to invest an additional nine billion yen.