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Japanese Firms Plan Rare Earths Project in India

3:53 PM MST | December 9, 2010 | Ian Young

Trading house Toyota Tsusho Corp. (Nagoya, Japan) and its Toyotsu Rare Earths Orissa subsidiary plan to build a rare earths processing plant in the state of Orissa, India. The project would be a partnership with Indian Rare Earths (IRE) and Shin-Etsu Chemical. It would be designed to "secure a stable supply of rare earth resources," Toyota Tsusho says. Nuclear Power Corp. of India, the parent of IRE, makes rare earth chloride mixtures as a byproduct of the extraction of uranium and thorium from monazite minerals mined and processed from alluvial ore...

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