According to latest reports Xinhua: Japanese Economy and Industry Minister Wang Tai Tian Chapter 1 that in order to get rid of heavy reliance on imports of Chinese rare-earth status, will advance the implementation of development plans for substitute materials of rare earth, while preparing for the development of rare earth in more countries, multiple channels of rare earth supply.

Tian Zhang macro is great after a cabinet meeting the day at a press conference made the remarks. He said the development of rare-earth alternative materials, including specific measures planned to develop within one year of alternative materials and cerium to practical use. Cerium is often used in glass additives and car exhaust catalysts. In addition, a total of 17 kinds of rare earth elements, the Japanese had only 6 species of rare earth elements for the development of alternative materials will be further developed to more alternative types of rare earth materials.

METI is also ready to assist Japanese companies to the development of rare earth mine in Kazakhstan, and Vietnam to provide subsidies to encourage the development of technology to reduce use of rare earth, and be prepared in consultation with the Finance Ministry, the related costs are included in this year's supplementary budget.

Japanese Foreign Minister Maehara speech in 1, also said, including the rare earth to ensure a stable supply of rare metals, including the Foreign Ministry will strengthen the development of overseas mines and other information collection capabilities. He also revealed that it would cooperate with the private sector, while in the province to set up a dedicated department of Ministry of Foreign Affairs, Ministry of Foreign Affairs summary of various information collected.

Maehara said: "totally dependent on imports of a country's resources is not conducive to maintaining security, should diplomacy through multilateral resources to reduce risk." He said that Asia and Africa with rare earth producer cooperation and strengthen bilateral relations

Providing by Ningbo Rare Earth Magnet --Xinhuanet.com