METI supply assurance plan 2024永久磁石第3号-1 (Santoku, waste-magnet rare earth recycling)

METI-approved supply assurance plan for permanent magnets, certification number 2024永久磁石第3号-1, approved July 24, 2024 under the Economic Security Promotion Act, naming Santoku Co., Ltd., with the goal of introducing equipment to recycle rare earth raw material from waste magnets and a maximum subsidy of about 0.2 billion yen (約2億円). The plan overview does not name a plant site; neither line on the Santoku Kobe facility record covers recycling equipment, so the link to the metals-and-alloys line is an inferred mapping. The event is typed definitive-agreement rather than obligated: plan certification fixes the approved plan and subsidy ceiling, but funds are obligated through subsequent grant procedures.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.