Japan's Kyodo News reported that the Japanese Ministry of Economy announced on June 3, will be the purchase of equipment to reduce the amount of rare earth and rare-earth alternative to corporate R & D total amount paid for 87 billion yen (about 700 million yuan) in subsidies. A total of 68 projects received the subsidies.

    This is mainly in response to China's restrictions on the exports of rare earth rare earth prices soar. And Industry of Japan by the relevant person in charge said: "This is to prevent the use of rare earth materials automotive, appliance and other manufacturers to move overseas."

    Japanese government decided in February the total amount paid for such projects 33.1 billion yen in subsidies. The public offer for the second time, a total of 118 projects proposed by the application. Measures are also subsidized rare objects.

    According to the Japanese by and Industry revealed that the rare earth glass used in one of abrasive "ceria" The price is 30 times a year, the rare earth and precious metals prices are rising sharply.

    Subsidized projects are: the chemical industry will be the first rare elements to purchase new production equipment, production alternatives ceria zirconia; Nippon Steel will Xintian Sumikin Stainless Steel production in stainless steel equipment for the recovery of rare metals.

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