Japan to invest in French EV rare-earth project to ease China reliance

Japan to invest in French EV rare-earth project to ease China reliance

PARIS -- Japan will invest about 100 million euros ($109 million) in a French rare-earth refining project, looking to reduce its dependence on China f

Rare lands: against the Chinese monopoly, a French-Japanese recycling plant under construction in France Admin FCE 17 Mar 2025 - 18:51 In order to escape the Chinese monopoly on strategic metals, the Lyon startup Carester laid on Monday the first stone of a rare earth recycling plant in Lacq (southwest), to feed the automotive or wind sectors, with Japanese and French funding.

Since the shutdown of gas exploitation in 2013, the Lacq Basin has been seeking a new industrial vocation. On 17 March 2025 marks a turning point with the inauguration of the Caremag plant, led by the Lyon start-up Carester, specialized in the recycling and refining of rare earths. By installing itself on an old site of TotalEnergies, Carester benefits from an infrastructure ready to host a high-tech industrial activity. But what is particularly…

We are at a key moment in which Europe and other territories like the United States seek to reduce their dependence on China, which has in its hands control of most elements related to the electric car. While we know that among Chinese firms BYD and CATL still hold more than 70% of the production of batteries for zero-emission vehicles, the truth is that the Asian country also leaves between 70 and 80% of the rare earths. To stop relying so much…

Japan and France join forces on rare earth refining in €110M deal

Japan and France join forces on rare earth refining in €110M deal March 17, 2025 Posted by: Quatro Strategies Categories: Asia Pacific, Europe, Mining & Metals, Rare Earths & Commodities No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important…