Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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 CET

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
Latest news on SHIN-ETSU CHEMICAL CO LTD
11/13 SHIN ETSU CHEMICAL : Etsu announces silicone products price increase
10/19 SHIN ETSU CHEMICAL : Patent Issued for Conductive Material and Substrate (USPTO ..
10/19 SHIN ETSU CHEMICAL : Patent Issued for Method for Forming Multi-Layer Film and P..
10/19 SHIN ETSU CHEMICAL : announces aggressive plan to make new investments in its ce..
10/06 SHIN ETSU CHEMICAL : to expand its production capacity of optical fiber preform
09/28 SHIN ETSU CHEMICAL : Patent Issued for Pellicle Frame and a Pellicle (USPTO 9766..
09/27 SHIN-ETSU CHEMICAL CO LTD : ex-dividend day for interim dividend
09/21 SHIN ETSU CHEMICAL : Patent Issued for Pellicle Frame and Pellicle (USPTO 975999..
09/20 SHIN ETSU CHEMICAL : Etsu Corporate Profile video now updated for 2017
08/28 SHIN ETSU CHEMICAL : announces plan to expand its silicones production capacity ..
More news
News from SeekingAlpha
07/09 Portfolio Update Heading Into Q2
04/07 Shin-Etsu Chemical Leading Its Peers For Good Reasons
2015 Molycorp skyrockets after announcing Siemens deal
Financials ( JPY)
Sales 2018 1 387 B
EBIT 2018 -
Net income 2018 219 B
Finance 2018 947 B
Yield 2018 1,09%
P/E ratio 2018 24,29
P/E ratio 2019 21,39
EV / Sales 2018 3,21x
EV / Sales 2019 2,94x
Capitalization 5 401 B
Chart SHIN-ETSU CHEMICAL CO LTD
Duration : Period :
Shin-Etsu Chemical Co Ltd Technical Analysis Chart | 4063 | JP3371200001 | 4-Traders
Technical analysis trends SHIN-ETSU CHEMICAL CO LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 13 218  JPY
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Yasuhiko Saitoh President & Representative Director
Chihiro Kanagawa Chairman
Toshinobu Ishihara Senior MD, Manager-Research & Development
Shunzo Mori Director
Fumio Akiya Vice Chairman & Head-Semiconductor Business
Sector and Competitors
1st jan.Capitalization (M$)
SHIN-ETSU CHEMICAL CO LTD37.80%48 547
AIR LIQUIDE10.52%53 656
PRAXAIR, INC.29.47%43 438
LYONDELLBASELL INDUSTRIES NV21.03%40 795
GIVAUDAN22.35%20 957
NAN YA PLASTICS CORP--.--%19 969