Japanese groups in venture to extract rare-earth metals from batteries
Japanese vehicle manufacturer Honda Motor Company has reached an agreement with TDK Corporation and Japan Metals & Chemicals Company (JMC) to jointly pursue the reuse of rare-earth metals extracted from nickel-metal hydride batteries, used in hybrid vehicles, to produce the magnets of new hybrid vehicle motors.
Starting in March this year, Honda began supplying a battery manufacturer with rare- earth metals extracted from used nickel- metal hydride batteries, at a JMC plant, for reuse in new nickel-metal hydride batteries for hybrid vehicles.
Now Honda will expand the recycling of extracted rare-earth metals to motors for hybrid vehicles to achieve the further reuse of what it regards as a “limited and precious” resource.
Honda, JMC and TDK are set to begin the process as soon as a sufficient volume of used nickel-metal hydride batteries has been secured.
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