Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Shin-Etsu Chemical Co Ltd    4063   JP3371200001

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Japan, Kazakhstan to develop rare earth metals: media

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/29/2012 | 07:32am CEST

Japan and Kazakhstan plan to sign an agreement to jointly develop rare earth metals critical to electronics and auto makers, aiming to lower dependence on China, the Asahi Shimbun daily said on Sunday.

Japan's Trade Minister Yukio Edano will meet Kazakh government officials, including President Nursultan Nazarbayev, to sign the agreement in early May, making way for Sumitomo Corp (>> Sumitomo Corp), Japan Oil, Gas and Metals National Corp and Kazatoprom to partner in rare earth extraction, the paper said.

Higher prices of rare earths from China are squeezing Japanese manufacturers of batteries and electronics, forcing them to cut usage and seek alternatives.

Japan and Kazakhstan will build a plant in Stepnogorsk, northern Kazakhstan and use technology developed by Shin-Etsu Chemical Co (>> Shin-Etsu Chemical) to isolate dysprosium, used in motors for electric and hybrid cars, from soil processed for uranium, the paper said.

The plant will go onstream as early as this summer and ship 30 tonnes of the material to Japan this year, with shipments to rise to more than 50 tonnes next year, the paper said. Japan's annual demand for the element is roughly 500 tonnes.

Japan's Trade Ministry, Sumitomo and JOGMEC officials were unavailable to comment.

The European Union, the United States and Japan have asked the World Trade Organization to settle a dispute with China over Beijing's restriction on rare earth metal exports.

(Reporting by Mayumi Negishi, Editing by Jonathan Thatcher)

Stocks treated in this article : Shin-Etsu Chemical, Sumitomo Corp
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on SHIN-ETSU CHEMICAL CO LTD
06/23 SHIN ETSU CHEMICAL : Patent Issued for Resist Composition and Pattern Forming Pr..
04/28 SHIN ETSU CHEMICAL : Patent Issued for Photomask-Forming Glass Substrate and Mak..
04/21 SHIN ETSU CHEMICAL : Patent Issued for Negative Resist Composition and Patternin..
03/29 SHIN-ETSU CHEMICAL CO LTD : ex-dividend day for final dividend
03/24 SHIN ETSU CHEMICAL : Researchers Submit Patent Application, "Negative-Tone Resis..
03/24 SHIN ETSU CHEMICAL : Patent Issued for Fiber-Containing Resin Substrate, Device-..
02/04 SHIN ETSU CHEMICAL : Patent Issued for Positive Resist Composition and Patternin..
01/21 SHIN ETSU CHEMICAL : Patent Issued for Symmetric Hyperbranched Silicone-Modified..
01/14 SHIN ETSU CHEMICAL : Patent Issued for Allyl Group-Modified Fluorooxyalkylene Gr..
01/07 SHIN ETSU CHEMICAL : Patent Issued for Acid Generator, Chemically Amplified Resi..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials