Nikkei reports Japan-China JVs for rare-earth magnets foundering on Japanese regulations
Nikkei reports Japan-China JVs for rare-earth magnets foundering on Japanese regulations 28 July 2012 The Nikkei reports that joint ventures being planned by Japan-based TDK Corp. and Hitachi Metals Ltd. to make powerful magnets in China have foundered due to Japanese regulations that will complicate the necessary exports and technology transfers. In essence, the projects have been caught in the trade diplomacy crossfire over Chinese restrictions on exports of rare-earth metals, which are vital for making powerful magnets. The longer the dispute rages, the greater the chance of trouble for production of hybrid cars and other items containing these magnets. ...A key ingredient is dysprosium, a rare-earth metal produced mostly in China. Hoping to get around Chinese export restrictions, Hitachi Metals and TDK had each been considering forming magnet-making joint ventures ther...