Ninetech announced on the 9th that it will actively pursue the commercialization of key rare earth materials through an eco-friendly dry recycling technology together with its subsidiary Yeonhwa New Materials.
China has launched an all-out response to U.S. President Donald Trump's tariff measures. The measures are not aimed at the domestic market, but the domestic industry is also on edge as export control measures are being implemented.
The Chinese Ministry of Commerce announced export control measures on seven types of rare earth elements: ▲samarium ▲gadolinium ▲terbium ▲dysprosium ▲lutetium ▲scandium ▲yttrium. Samarium is used in cobalt magnets, gadolinium is used as a contrast agent, terbium is a raw material for phosphors, dysprosium is added to magnets for motors and electric vehicles, lutetium is used in radiotherapy, and scandium is used in aluminum alloys, aircraft parts, etc. Yttrium is used in the manufacture of solid-state lasers.
The Ministry of Trade, Industry and Energy held an emergency meeting on the 7th, chaired by the Industrial Supply Chain Policy Director, to discuss the rare earth reserve situation and countermeasures to supply chain instability. The Ministry of Trade, Industry and Energy stated that dysprosium and yttrium are in public reserves for more than six months, but if the US-China confrontation continues in the long term, the impact on domestic industries will inevitably grow.
Yeonhwa Shinsojae possesses an eco-friendly technology that extracts and recycles neodymium and dysprosium from drive motors that are discarded after use in various fields. Dysprosium is a key material used to make rare earth permanent magnets, which are the core of drive motors, along with neodymium, and we plan to actively promote commercialization through recycling of the material and secure a domestic supply chain. It is also very significant from an environmental perspective. It not only promotes resource circulation but also contributes to actual resource conservation, thereby promoting sustainable industrial development.
A Ninetech official emphasized, “Through Yeonhwa New Materials’ technology, we will work to reduce our dependence on rare earth imports from China and ensure a stable supply domestically,” adding, “We will be able to position ourselves as a model for sustainable development that takes both the environment and the economy into consideration, while making domestic companies competitive in the global rare earth market.”
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