Tag - metals

 
 

METALS

The producer price index in 2024 rose 2.3% from the previous year to 122.6, against 100 for the base year of 2020, a Bank of Japan report showed Thursday. The index was up for the fourth year in a row.
BUSINESS / Economy
Jan 16, 2025
Japan's producer price index hit record high in 2024
The producer price index, which measures the costs of goods traded between companies, rose 2.3% from the previous year to 122.6.
Mitsubishi Corp. will stop buying and selling refined metals and mineral resources in the Chinese spot market after a suspected fraud by one of its copper traders caused a huge loss.
BUSINESS
Jan 14, 2025
Mitsubishi Corp. quits China metal trading after copper fraud
Mitsubishi announced a ¥13.8 billion loss "in its Chinese trading business” in its quarterly earnings in November.
Copper cables stolen from a solar power facility and cable cutters used for the theft
JAPAN / Crime & Legal
Jan 9, 2025
Japan eyeing mandatory ID check for scrap metal trading
Stolen copper wires are often brought to buyers as scrap metal, but there is no law requiring identity verification, making it easier to cash in stolen items.
The flag of China is seen next to the elements of gallium and germanium on a periodic table.
BUSINESS / Markets
Dec 23, 2024
Tiny but vital metal markets rush to adjust to Chinese clampdown
Beijing this month slapped a ban on U.S.-bound exports of gallium, germanium and antimony in a tit-for-tat move in a technology trade war.
While the prospect of Eneos Holdings offloading a majority stake in JX has been mooted for years, it is coming closer to reality amid a hot market for share sales in Tokyo.
BUSINESS / Companies
Dec 19, 2024
Eneos considers IPO of up to 70% of JX Advanced Metals
Japan has seen the highest volume of IPOs this year since 2018.
In scrap yards lacking proper environmental safeguards, towering piles of scrap are at risk of collapse.
JAPAN / FOCUS
Dec 10, 2024
Japan to tighten regulations for electronic devices scrap yards
Local communities have expressed concerns over frequent fires and noise pollution.
Beijing has banned the export of gallium, germanium and antimony to the U.S.
WORLD / Politics
Dec 4, 2024
China dials up U.S. trade tension with tit-for-tat metals export ban
The targeted metals are used in everything from semiconductors to satellites and night-vision goggles.
Teck Resources signage during the Prospectors & Developers Association of Canada conference in Toronto, Canada, on March 2, 2020
WORLD / Politics
Dec 4, 2024
Canada mining group uses China ban to push back on Trump's tariffs
Trade tensions with the U.S. are escalating after President-elect Donald Trump threatened to slap 25% tariffs on all goods coming from Canada and Mexico.
An official from the Japan Council of Metalworkers' Unions writes on a board the results of this year's shuntō annual spring labor negotiations in March in Tokyo.
BUSINESS / Economy
Dec 3, 2024
JCM to demand pay-scale hike of ¥12,000 or more in 2025
The organization is aiming to ensure wage increases exceed the rate of inflation.
Investigators from the Tokyo Metropolitan Police raid a metal shop in Koga City, Ibaraki Prefecture, on Monday.
JAPAN / Crime & Legal
Nov 18, 2024
Four shops raided in Japan for allegedly buying stolen cables
By October, Tokyo's Metropolitan Police Department had arrested seven members of a Thai group for stealing copper cables from solar power plants.
Employees work at a copper smelter in Yantai, Shandong province, in China, on April 26, 2023.
BUSINESS / Markets
Oct 15, 2024
Inside China's bid to build sway over global metals pricing
After buying mining assets around the world, China wants a bigger say in how the prices of the metals mined are determined.
The Mountain Pass mine, operated by MP Materials in California, is the only rare earths mine in the United States.
BUSINESS / Economy
Sep 17, 2024
China’s grip on rare earths undercuts projects from U.S. to Japan
Japan's experience reducing its dependence on China shows that rare earths projects take longer and are more expensive than initially expected.
The gold medal of Lim Si-hyeon of South Korea, after the Women’s Individual Archery competition at the Olympic Games Paris 2024, on Aug. 3
BUSINESS / Markets
Aug 12, 2024
Olympic gold medals are worth more than ever after cost of metals surged
The medals contain six grams of gold, the price of which soared to a record in mid-July.
Tools at an exploration site run by KoBold Metals in Chililabombwe, Zambia, on June 11. A complex AI-driven technology that data crunchers at KoBold Metals painstakingly built over years helped identify a copper bonanza deep below a site in Zambia, and the company’s process could radically transform the discovery of metal and mineral deposits critical not only to the tech industry but to the fight against climate change.
BUSINESS / Tech
Jul 18, 2024
AI joins search for needed metals just in time
KoBold’s find comes as the United States and China are increasingly clashing over global access to minerals.
Japan's excessive dependence on certain countries for chip imports is a risk to supply networks, government white paper has warned.
BUSINESS / Economy
Jul 9, 2024
Government white paper flags Japan's risks of import dependencies
The paper stressed the importance of import source diversification, to prevent excessive dependence that poses a risk to supply networks.
An ingot of a rare earth metal used to make components for technology products at a factory in China. The country is the world’s top exporter of rare earth elements, but that may change if deep-sea mining gains traction in nations like Japan.
COMMENTARY / Japan
Jun 25, 2024
We’ve got to get deep-sea mining right
Seabed mining could muddy the waters of critical minerals' supply chains by tapping into new sources. But will environmental and legal concerns sink the project?
A brine pool at an SQM lithium mine on the Atacama salt flat in the Atacama Desert, Chile. The industry that deals with one of the world’s most important commodities is asking whether it's doomed to repeat a boom and bust cycle again and again.
BUSINESS / Markets
Apr 12, 2024
Lithium industry braces for long-term oversupply after price instability
Those involved with the commodity are asking whether they're doomed to repeat a boom and bust cycle again and again.
Lithium evaporation ponds in Silver Peak, Nevada. Global lithium demand is expected to outpace supply by 500,000 metric tons annually by 2030.
BUSINESS
Mar 26, 2024
America's lithium laws fail to keep pace with rapid development
Washington's drive to make the U.S. a major global lithium producer is being held back by a confusing mix of state regulations.
Globally, the area covered by mines has doubled over the past three years, driven by demand for critical minerals, according to a 2023 study.
BUSINESS / Markets
Mar 25, 2024
For mineral-rich Philippines, green metals rush is a balancing act
The county has the world's fourth-largest copper reserves, fifth-biggest nickel deposits and is also rich in cobalt — which are important for clean energy.
Gold badges distributed to Fukuoka Prefectural Assembly members after the April 2023 election. The prices for both types doubled from four years ago.
JAPAN / Politics / Regional Voices: Kyushu
Feb 19, 2024
Gold assembly badges worth millions of yen unreturned in Kyushu
Each elected member receives a new badge for every election and is supposed to return them on losing an election or retiring from politics.

Longform

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Tracing Tsutaya Juzaburo, Edo’s media maverick