Japan, Kazakhstan to jointly develop rare earths: report

Apr 29, 2012

Japan will jointly develop rare earths with Kazakhstan as part of its efforts to secure supplies of the key minerals now controlled by China, a newspaper said Sunday.

Japan plans to reach an accord when trade and industry minister Yukio Edano visits the central Asian country in early May and meets Kazakh government officials, including President Nursultan Nazarbayev, the Asahi Shimbun reported.

Under the plan, Japan and Kazakhstan will jointly build a plant in northern Kazakhstan to produce dysprosium, a rare earth used to make motors of electric and as well as other electronic products, Asahi said.

The Japanese companies to be involved in the project include Sumitomo Corp., Japan Oil, Gas and Metals National Corporation and Shin-Etsu Chemical Co. Ltd., the newspaper said.

Japan plans to import 30 tonnes of dysprosium from this year, the daily said, adding that it plans to raise the shipment next year to more than 50 tonnes accounting for 10 percent of Japan's annual demand for the mineral.

, the European Union and the United States claim China -- which produces more than 90 percent of the world's supply of -- is unfairly benefiting its own industries by restricting exports.

Beijing has argued that its controls, which include export duties and quotas, are necessary to help conserve the highly sought-after natural resources, limit environmental damage from excessive mining and to meet domestic demand.

Explore further: Out-of-patience investors sell off Amazon

add to favorites email to friend print save as pdf

Related Stories

Japan, US, and EU to meet on rare earths

Mar 21, 2012

Japan said Wednesday it will host the European Union and United States at a meeting on developing alternatives for rare earths as Chinese controls on the key minerals raise fears of a supply squeeze.

Hitachi unveils motor without 'rare earths'

Apr 11, 2012

Japanese high-tech firm Hitachi Wednesday unveiled an electric motor that does not use "rare earths", aiming to cut costs and reduce dependence on imports of the scarce minerals from China.

Japan, US, EU discuss rare earth supply security

Mar 28, 2012

(AP) -- Officials from the United States, the European Union and Japan are pledging to work closer together on ways to ensure secure supplies of strategically vital rare earths and other critical materials.

China plans restructure of rare earths industry

Jun 08, 2011

(AP) -- China is giving its biggest, state-owned rare earths miner and producer a monopoly for the northern part of the country in reforms aimed at bringing the strategically important sector that's crucial to advanced manufacturing ...

Recommended for you

Out-of-patience investors sell off Amazon

20 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

Oct 24, 2014

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

Oct 24, 2014

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

Oct 24, 2014

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0