Rare earths for EVs: Build a supply chain without China!
-Sumitomo Corporation to supply network to U.S. and Southeast Asia-
Sumitomo Corporation:
Build a supply chain that excludes China for rare earths for EVs.
Until now, it has relied on China for its refining process.
In the future, we will switch to the United States and Southeast Asia.
Rare earth smelting:
China holds about 90% of the world share in the refining of rare earths.
In Japan, too, awareness of geopolitical risks has increased.
U.S. Rare Earth Manufacturers:
MP Materials is accelerating the construction of a supply network that does not depend on China.
Sumisho Procures for Japan:
Sumisho will procure “rare earths for EVs and wind power generators” from MP Materials for Japan.
– Nihon Keizai Shimbun
https://www.nikkei.com/article/DGXZQOUC165KT0W3A210C2000000/
Biden administration works with California, industry to strengthen critical mineral supply chain (USA) – JETRO
https://www.jetro.go.jp/biznews/2022/02/21bac3425fadda2d.html
Terres rares pour les véhicules électriques : construisez une chaîne d’approvisionnement sans la Chine !
-Sumitomo Corporation fournira un réseau aux États-Unis et en Afrique du Sud-Est-
Société Sumitomo :
Construire une chaîne d’approvisionnement qui exclut la Chine pour les terres rares pour les véhicules électriques.
Jusqu’à présent, elle s’appuyait sur la Chine pour son processus de raffinage.
À l’avenir, nous passerons aux États-Unis et en Asie du Sud-Est.
Fonderie de terres rares :
La Chine détient environ 90% de la part mondiale dans le raffinage des terres rares.
Au Japon également, la prise de conscience des risques géopolitiques s’est accrue.
Fabricants américains de terres rares :
MP Materials accélère la construction d’un réseau d’approvisionnement qui ne dépend pas de la Chine.
Sumisho achète pour le Japon :
Sumisho achètera des “terres rares pour les véhicules électriques et les éoliennes” auprès de MP Materials pour le Japon.
– Nihon Keizai Shimbun
L’administration Biden travaille avec la Californie et l’industrie pour renforcer la chaîne d’approvisionnement en minéraux critiques (États-Unis) – JETRO
Seltene Erden für Elektrofahrzeuge: Bauen Sie eine Lieferkette ohne China auf!
-Sumitomo Corporation wird Netz in die USA und Südostafrika liefern-
Sumitomo Corporation:
Bauen Sie eine Lieferkette auf, die China für seltene Erden für Elektrofahrzeuge ausschließt.
Bisher hat es sich bei seinem Raffinationsprozess auf China verlassen.
Künftig werden wir auf die USA und Südostasien ausweichen.
Verhüttung von Seltenen Erden:
China hält etwa 90 % des Weltanteils an der Raffination von Seltenen Erden.
Auch in Japan ist das Bewusstsein für geopolitische Risiken gestiegen.
US-Hersteller von seltenen Erden:
MP Materials beschleunigt den Aufbau eines von China unabhängigen Liefernetzwerks.
Sumisho beschafft für Japan:
Sumisho wird „seltene Erden für Elektrofahrzeuge und Windkraftgeneratoren“ von MP Materials für Japan beschaffen.
– Nihon Keizai Shimbun
Die Biden-Administration arbeitet mit der kalifornischen Industrie zusammen, um die Lieferkette für kritische Mineralien zu stärken (USA) – JETRO
FACT SHEET: Securing a Made in America Supply Chain for Critical Minerals
Critical minerals
provide the building blocks for many modern technologies and are essential to our national security and economic prosperity.
These minerals such as rare earth elements, lithium, and cobalt
can be found in products from computers to household appliances.
They are also key inputs
in clean energy technologies like batteries, electric vehicles, wind turbines, and solar panels.
As the world transitions to a clean energy economy, global demand for these critical minerals is set to skyrocket by 400-600 percent over the next several decades, and, for minerals such as lithium and graphite used in electric vehicle (EV) batteries,
demand will increase by even more—as much as 4,000 percent.
The U.S. is increasingly dependent on foreign sources for many of the processed versions of these minerals.
Globally,
China controls most of the market for processing and refining for cobalt, lithium, rare earths and other critical minerals.
President Biden will announce that
the Department of Defense’s Industrial Base Analysis and Sustainment program has awarded MP Materials $35 million
to separate and process heavy rare earth elements at its facility in Mountain Pass, California, establishing a full end-to-end domestic permanent magnet supply chain.
Paired with this catalytic public funding announcement,
MP Materials will announce
it will invest another $700 million and create more than 350 jobs in the magnet supply chain by 2024.
Currently,
China controls 87 percent of the global permanent magnet market, which are used in EV motors, defense systems, electronics, and wind turbines.
– The White House
MP Materials and Sumitomo Corporation Strengthen Rare Earth Supply in Japan | Sumitomo Corporation
https://www.sumitomocorp.com/en/jp/news/topics/2023/group/20230222
MP Materials and Sumitomo Corporation Strengthen Rare Earth Supply in Japan
LAS VEGAS and TOKYO,
February 21, 2023
MP Materials Corp. (NYSE: MP) Sumitomo Corporation (“SC”)
today announced an agreement to diversify and strengthen rare earth supplies in Japan.
Under the agreement,
SC will serve as the exclusive distributor of NdPr oxide produced by MP Materials to Japanese customers.
Further, the companies will collaborate on the supply of rare earth metals and other products.
Rare earth materials such as neodymium-praseodymium, or NdPr,
are used to produce the world’s most powerful and efficient magnets.
Rare earth magnets are key inputs
to electrification and advanced technologies including electric vehicles, wind turbines, and various electronic devices.
The effort to electrify and decarbonize the global economy
is causing demand for rare earths to grow rapidly, outpacing new supply.
China is the world’s leading producer.
Access to MP Materials’ U.S.-produced rare earths
will stabilize, diversify, and strengthen a supply chain of critical importance to Japan’s manufacturing sector.
SC has a long history in the rare earth industry.
SC pioneered trading and distribution of rare earth materials in the 1980s.
To help establish a stable global supply chain for rare earths,
SC has engaged in rare earth exploration, development, production, and trading activities globally.
With this knowledge,
SC will continue to build value added trade by utilizing the company’s enhanced management resources.
MP Materials’ Mountain Pass facility
is the largest source of rare earth production in the Western Hemisphere.
Mountain Pass is a closed loop, zero-discharge facility with a dry tailings process
that operates under stringent U.S. and California environmental regulations.