Shin-Etsu to set up rare-earth smelter in Japan to ease reliance on China
Materials
Chemical giant to invest $220m in Fukui to build first new refinery since 2008
Shin-Etsu plans to use the new refinery to boost its capacity for supplying elements such as dysprosium and terbium — which are used in neodymium-based magnets in EV motors — and yttrium used in semiconductor manufacturing equipment. (Nikkei montage/Source photos by SIP and JAMSTEC)
TOKYO — Shin-Etsu Chemical will build a new rare-earth refinery in Japan to achieve mass production of products and reduce reliance on China, people familiar with the matter have told Nikkei.
