the world as we write it

smiley status'

    eat my Twitter?

    The Black Rider

    authentic since 1981 'welcome to my bomboclot mind'

    Monday, January 23, 2012

    Reuter site - Toyota finds way to avoid using rare earth: report

    This article was sent to you from bombastic4000@yahoo.com, who uses Reuters Mobile Site to get news and information on the go. To access Reuters on your mobile phone, go to:
    http://mobile.reuters.com/article/technologyNews/idUSTRE80M0JK20120123

    Toyota finds way to avoid using rare earth: report

    Mon, Jan 23 04:11 AM EST

    TOKYO (Reuters) - Toyota Motor Corp has developed a way to make hybrid and electric vehicles without the use of expensive rare earth metals, in which China has a near-monopoly, Japan's Kyodo News reported.

    Toyota, the world's top producer of fuel-saving hybrid cars such as the Prius, could bring the technology to market in two years if the price of rare earths does not come down, Kyodo said, citing a source familiar with the matter.

    A Toyota spokeswoman said the company continues to research ways to reduce rare earth usage and has no time frame yet for commercialization.

    Rare earth metals like neodymium and dysprosium are used in the powerful magnets in motors that power hybrid and electric cars, and demand is expected to surge as more of the environmentally friendly cars hit the market.

    China produces more than 95 percent of the world's rare earth metals. Its efforts to limit exports, citing resource depletion and environmental degradation, have alarmed its customers and trading partners and have sent prices soaring.

    Japan accounts for a third of global rare earth demand and is aiming to cut consumption, providing subsidies for recycling and investing in new ways to limit their use.

    (Reporting by Chang-Ran Kim and Risa Maeda; Editing by Kim Coghill)

    No comments:

    About Me

    My photo
    If you know me then you know my name. I am The Black Rider and the world is my Flame. The rider writes, observes, creates, produces, and learns the world around him. Ride on. Ride on!

    The Remnants