Japan is
to diversify its sources of rare earths away from China and expects to
get half its supplies of the elements from countries other than China
from the middle of next year, Trade Minister Yukio Edano said on Monday.
Japan gets
about 90 percent of its imports of rare earth elements, which are used
in technologies such as smartphones and hybrid cars, from China. But
Japan is accelerating the search for alternative suppliers to reduce its
dependence and ensure stable supplies.
The push
to diversify supplies comes during a period of tension between the
neighbours over the disputed ownership of a string of small islands in
the East China Sea. China held back shipments of rare earths to Japan in
2010 after a dispute.
"We want
to further diversify sources of suppliers, secure our interests and
support domestic technological development to cut the amount used and
promote recycling," Edano told parliament.
Japan's
annual domestic demand for rare earths has been between 20,000 tonnes
and 30,000 tonnes over the past several years, the government says.
Edano said
Japan was expected to import 4,100 tonnes of rare earth from India next
year. Japan also plans to import 400 tonnes from Kazakhstan and 9,000
tonnes from Australia in 2013, a Trade Ministry official said.
China, the
world's biggest producer of rare earth metals, accounting for more than
90 percent of supplies, is likely to become turn an importer of them by
as early as 2014 as its high-tech industries increase their demand.
China
restricted exports of rare earths about two years ago and the World
Trade Organisation is looking into complaints from Europe, Japan and the
United States over its curbs.
Source:
Reuters |