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Rare earths vital elements for green future
By Staff Reporters |
July 26, 2010, Monday
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Print Edition
Print Edition
THIRTEEN companies involved with the rare earth minerals industry in Jiading District recorded output value of 460 million yuan in the first five months of this year.
Rare earth minerals, including scandium and lanthanum, are critical elements of many new technologies, including lasers, electronic sensors, advanced batteries and magnets.
They have been described as the building blocks of the shift from a carbon-based world to the 21st century green economy.
The Shanghai Rare Earths Material Industrialization Base opened in Jiading last year, and companies in the district have participated in four of the eight key projects related to development of rare earths in Shanghai.
Shanghai Epson Co is a giant in the rare earths industry. It is one of the biggest bonded rare earths magnet manufacturers in the world.
Its products are used in hard disks, DVD drives, and micro motors of autos, printers and mobile phones.
"Our magnet will be found in every two of the hard disks around the world," said Li Gang, a company official.
In the past three years, Epson sales grew from 250 million yuan to 260 million yuan.
Its new factory opened in Jiading in March.
The company employs 130 people and has already spends more than 15 million yuan on research and development a year.
Lou Yuwan, from Shanghai Wanhong Power & Energy Co, said rare earths will play a decisive role in the batteries of next-generation cars.
In other developments, Guangliang Photoelectric Technology is negotiating to locate its research and development base in Jiading.
Rare earth minerals, including scandium and lanthanum, are critical elements of many new technologies, including lasers, electronic sensors, advanced batteries and magnets.
They have been described as the building blocks of the shift from a carbon-based world to the 21st century green economy.
The Shanghai Rare Earths Material Industrialization Base opened in Jiading last year, and companies in the district have participated in four of the eight key projects related to development of rare earths in Shanghai.
Shanghai Epson Co is a giant in the rare earths industry. It is one of the biggest bonded rare earths magnet manufacturers in the world.
Its products are used in hard disks, DVD drives, and micro motors of autos, printers and mobile phones.
"Our magnet will be found in every two of the hard disks around the world," said Li Gang, a company official.
In the past three years, Epson sales grew from 250 million yuan to 260 million yuan.
Its new factory opened in Jiading in March.
The company employs 130 people and has already spends more than 15 million yuan on research and development a year.
Lou Yuwan, from Shanghai Wanhong Power & Energy Co, said rare earths will play a decisive role in the batteries of next-generation cars.
In other developments, Guangliang Photoelectric Technology is negotiating to locate its research and development base in Jiading.
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