Japanese diversifies rare earths suppliers

Japanese manufacturers continue to form alliances with non-Chinese rare earths miners to reduce dependence upon unreliable and politically controlled Chinese monopoly supply. Mitsubishi and Daido Steel have now formed a joint venture with Molycorp of California, after Sojitz Corporation formed a strategic alliance with Lynus Corporation of Western Australia. I acknowledge the article Molycorp, Daido, Mitsubishi form next generation rare earth magnets JV. Disclosure: the author holds Lynus Corporation stock.