Japan Begins Recycling Rare Earth Metals From Electronics
Black Gold Alchemist writes "Dowa, a Japanese mining company in Kosaka, has begun the recycling of rare earth metals from used cellphones and computers. This is in response to a recent, temporary trade embargo from China, which is the leading supplier of rare earth metals needed for production of products including hybrid cars, wind turbines, and LCD screens. Because of the shortage of rare earth metals, Japanese trade minister Akihiro Ohata is asking the government to include a rare earth strategy in its supplementary budget for this year."
like, for example, importing the stuff from mongolia. this may turn out to be the faster and cheaper way out.
http://online.wsj.com/article/SB10001424052748704380504575529383600995748.html
The most interesting part of this mini-debacle is how did the idea that there would be a shortage of rare earth elements came about at all, and why did the Chinese believe it, the idea being utter bullshit.
While it is true that China manages to produce these cheaply at the moment, rare earth elements are available basically all over the place in similar proportions.
Using them as a policy-making tool has done no harm to Japan, and potentially a lot of harm to the credibility of China as an economic player, especially to its counterparties in Asia, but also anyone who may have a reason to expect potential future clash of interests.
While the Japanese acted out during the crisis as scared pussies, the Chinese appear to have played the role of the dumber party.
Seeing great Asian powers like Japan and China just learning to dab at foreign relations after 6 decades of American dominance is very interesting.
If China tried that, it wouldn't actually happen and would show the lack of power their central government actually wages. It would probably lead to the overthrow of the Chinese government long before it brought down any foreign power.
China's entire currency system is economic blackmail. By all rights it should have appreciated an extra 50%, and the rest of the world is increasingly unwilling to succumb to such blackmail.
They can't "buy" anything with it. They have to hold on to it in order to artificially affect the exchange rates of the currencies. Their dependence on US debt purchases for this means WE have THEM over a barrel. Relatively minor policy changes on our part could have sweeping effects on the valuation of their entire economic system. Of course, they have nowhere else to dump the money so they continue to rely on US debt purchases despite its weakness. Imagine if 90% of your 401K was also kept in your company's stock... think Enron's employees... that's what China is potentially setting itself up for by buying so much debt from their biggest trading partner and the largest economy in the world.
E pluribus unum
Most "recycling" in the U.S. (probably most of the western world) consists of loading electronics into shipping containers and sending them to some third world shithole where the locals strip them in toxic working/living conditions. Interesting investigative report not long ago from 60 Minutes on the subject (and it's a chance to see the rare bit of actual investigative journalism, before it goes completely extinct).
SJW: Someone who has run out of real oppression, and has to fake it.
it shows that current electronics recycling is not a gimmick, at least in Japan.
Not terribly sure about electronics, but with everything else you'd probably be amazed. I have 7 different garbage categories in my town. I have to put my name and location on my garbage bags. If I make a mistake in sorting the garbage, they send it back to me (it has happened more than once...). And it's not just gross sorting. With pet bottles I have to take the caps off (different category) and the labels off (different category). My yogurt containers are made from recyclable plastic covered with cardboard. I have to separate the cardboard from the plastic and put it in different containers. Etc, etc, etc...
Electronics is easy. You take it to the electronics shop and they take care of it for you. I'm not sure exactly what they do, but I'm assuming it's fairly rigorous. Japan just doesn't have any landfill space...