Japan's Honda Motor Co. announced on the 17th that it intends to extract rare earth metals from waste nickel-metal hydride batteries of hybrid vehicles. Honda plans to cooperate with Japan Heavy Chemical Industry Corporation to extract rare earths from nickel-metal hydride batteries of hybrid vehicles recovered by distributors around the world. The production line started later this month and was called by the company the world's first large-scale rare earth recycling project.
Honda said that the new project will enable the company to recover more than 80% of the rare earth metals from waste nickel-metal hydride batteries for the production of new nickel-metal hydride batteries. The company plans to expand the target of recycling rare earth to automotive components other than nickel-metal hydride batteries.
Reuters reported that rare earth prices in the international market have continued to rise in recent years. Japanese automakers and other rare-earth demand companies are facing cost pressures and are studying ways to reduce their dependence on rare earths and find alternative metals.
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