Good for them! Honda Motor Co. has partnered with Japan Metals & Chemicals Co. and will start the world's first mass-production process to extract rare earth metals from used car parts like nickel-metal hydride batteries and recycle them. Currently, China produces 95% of the global rare earth supplies and have hiked up prices.
This is good for the earth AND good for local economies. Way to go Japan...stick it to your long-time frenemy!
Read more here:
http://economictimes.indiatimes.com/news/international-business/honda-motor-to-recycle-rare-earth-metals-in-used-parts/articleshow/12699768.cms
