Shin-Etsu Plans 3rd Fukui Rare-Earth Refinery to Secure Supply
Updated
Updated · Bloomberg · Jun 11
Shin-Etsu Plans 3rd Fukui Rare-Earth Refinery to Secure Supply
3 articles · Updated · Bloomberg · Jun 11
Summary
Shin-Etsu Chemical will build a new rare-earth refinery in Fukui, adding a third plant in the western Japanese prefecture.
The new facility is aimed at securing a stable supply of rare-earth-related products and magnets as manufacturers outside China try to diversify sourcing.
A company spokesperson confirmed the plan after an earlier Nikkei report, underscoring Shin-Etsu's push to strengthen domestic processing capacity in Japan.