Companies in many countries are trying to reduce their dependence on rare earth metals because of China's regulation of rare earth exports. PHILPS Philips (Royal ELectronic) also joined the ranks, began to develop new technologies to significantly reduce the rare earth metal components of LED lighting equipment.
Chief executive officer of PHILPS electronics, said the lighting equipment will still rely on rare earth metals, but the proportion will be reduced. PHILPS labs has found ways to dramatically reduce the use of rare earth metals.
Aerospace, electronics, automotive and telecommunications industries are widely used rare earth metals, depending on whether the supply of rare earth materials can be related to the stability of the relevant industries.
The metal is "rare earths", in fact, reserves and many, just because the location is too fragmented, development is not consistent with the economic benefits. China is the world's largest supply of rare earth minerals, containing rare earth metals accounted for 30% of the world's total reserves. Since 2009, China has begun to restrict the exploitation of rare earth mines on the grounds of environmental protection. This has caused panic in the supply of rare earths, began to look for other mining areas, and the development of new technologies to reduce the demand for rare earth metals.
In addition to PHILPS electronics company, Honda automobile, TOYOTA automobile, Renault, German mainland group (Continental AG) and the German Wind Power Ltd Enercon and other enterprises have already developed related technology to reduce reliance on rare earth metals.
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