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 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
Latest news on SHIN-ETSU CHEMICAL CO LTD
07/06 SHIN ETSU CHEMICAL : Patent Issued for Solar Battery Cell and Manufacturing Meth..
06/22 SHIN ETSU CHEMICAL : to double its production capacity of rare earth magnets in ..
06/21 Shin Etsu Polymer chooses Solvay's KetaSpire PEEK to meet growing demand for ..
06/15 SHIN ETSU CHEMICAL : Patent Issued for Double-Disc Grinding Apparatus and Workpi..
06/01 SHIN ETSU CHEMICAL : Patent Issued for Process for Forming Multi-Layer Film and ..
06/01 SHIN ETSU CHEMICAL : Patent Issued for Pattern Forming Process (USPTO 9658532)
06/01 SHIN ETSU CHEMICAL : Patent Issued for Dipole Ring Magnetic Field Generator (USP..
05/31 SHIN ETSU CHEMICAL : has developed highly functional new coloring pigments for c..
05/20 SHIN ETSU CHEMICAL : Japanese firm expands production plant in Laguna
05/15 Sodium Hydroxide Market 2017 - Dow Chemical, OxyChem, Axiall, Olin Corporatio..
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 1 345 877 M
EBIT 2018 -
Net income 2018 207 211 M
Finance 2018 936 634 M
Yield 2018 1,27%
P/E ratio 2018 21,19
P/E ratio 2019 18,93
EV / Sales 2018 2,62x
EV / Sales 2019 2,41x
Capitalization 4 465 823 M
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 11 615  JPY
Spread / Average Target 12%
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 LTD14.38%40 166
AIR LIQUIDE0.71%48 001
PRAXAIR, INC.15.39%38 449
LYONDELLBASELL INDUSTRIES NV1.71%34 992
AIR PRODUCTS & CHEMICALS, INC.1.27%31 709
NAN YA PLASTICS CORP--.--%19 495