(ElectronicsWeekly.com) – Following its agreement last year with the President of Mongolia to secure a supply of rare metals, Toshiba has set up a rare metal joint venture with Kazatomprom, the Kazakhstan state company which oversees its nuclear industry. It will be called KT Rare Metals Company and is owned 51% Kazatomprom and 49% Toshiba.

With the support of Japan Oil, Gas and Metals National, Toshiba is investigating the establishment of processes for the effective recovery of rare metals including rare earth elements from uranium pregnant solutions at uranium extraction operations in Kazakhstan.

Usage of rare metals grows by about 9% a year.

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