HOUSTON, March 31 (Argus) - Japanese Mitsubishi Materials Corporation (MMC) will invest in ReElement Technologies based in Indiana to collaborate in rare earth recycling.
This investment will be made through the acquisition of ReElement's preferred shares, but the financial details have not been disclosed.
ReElement uses proprietary chromatography technology for separation and purification, achieving a purity of over 99.5% and a recovery rate of over 95% for rare earths.
MMC stated that it will apply this technology in North America and Japan, developing integrated and scalable solutions to enhance supply chain resilience, while supporting domestic and joint manufacturing capabilities.
MMC plans to combine its pre-treatment and metal recovery technologies with ReElement's separation and purification processes to recover rare earths from household appliances, automotive parts, and electronic waste.
MMC said that the two companies may establish a joint venture for this purpose.
