Japan to slash use of a heavy rare earth as China tightens grip

8 February 2012, 1:35 am

TOKYO (Reuters) - Japan aims to cut domestic consumption of a heavy rare earth used widely in hybrid cars and electronics by 30 percent over the next two years as China keeps a tight grip on exports of the material, known as dysprosium. China ratcheted up export controls on the rare earth, mainly used in high-powered magnets, early last year, sending prices 10 times higher to around 3,000 yen ...... Read More »

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