Toshiba Leads Japanese Search for Rare Earth in Mongolia,Kazakhstan and Uranium Processing

Toshiba,the Japanese Conglomerate with diversified interests in Electronics,Nuclear Energy Equipment,NAND Memory is leading the Japanese Search for Rare Earth Minerals.Fears of  Chinese monopoly over production of REE came true,when Exports to Japan were blocked over a shipping incident.EU and USA have long been concerned with the Chinese control of 95% of the global REE production with USA even thinking of taking China to the WTO.Japan has recently drastically increased its investment into finding new sources of Rare Earth with recent deals with Vietnam,India,Kazakhstan and others.Sojitz, a Trading Zaibatsu recently signed a long term supply deal with Lynas.Toshiba is the other Japanese firm actively scouting for Rare Earth Minerals looking for newer processes and geographies.

Toshiba leads the Japanese Charge in Rare Earth Minerals

Toshiba is a world leader in Nuclear Energy and has expertise in mining and processing of uranium used as raw material for Nuclear Reactors.The Company has signed a deal with Mongolia’s MNFCC to develop rare earth minerals and uranium mines in the mineral rich country.Toshiba is also developing samarium cobalt magnest as an alternative to dysprosium based magnets used in Electric Vehicles.This is being done to reduce dysprosium dependence which is mainly mined in China as opposed to samarium which is found in USA and Australia.The Company has also tied up with Kazakhstan’s state owned Nuclear Company Kazatomprom to jointly develop Rare Earth Mineral Resources in that Country.