Japanese stocks rose, with the Nikkei 225 Stock Average climbing to an almost six-year high, as the yen fell to the lowest since May versus the dollar after data showed U.S. manufacturing unexpectedly accelerated last month.
Sekisui Chemical Co. surged to a record in Tokyo trading after a newspaper reported the Japanese builder and maker of plastics used in construction developed a material that triples electric-car battery capacity.
Renewable energy would be a cinch if the sun shone all day and if the wind blew as reliably as the Earth spins. They don't. And even when wind turbines and solar panels are able to harness them, the sun and wind might not produce power exactly when customers want it. Without storage, the excess energy is wasted.
A123 Systems Inc. , a maker of rechargeable auto batteries, will supply lithium-ion cells to SAIC Motor Corp. for use in an electric vehicle as the U.S. startup expands ties with China’s largest domestic carmaker.
LDK Solar Co.’s delay in paying debt and Suntech Power Holdings Co.’s attempts to renegotiate obligations are prompting investors to gird for losses as $8.4 billion in renewable energy bonds come due by the end of 2014.
Recylex SA, a Paris-based metals recycling company, sees “relatively good” demand for lead in Europe due to its use in car batteries and emergency power generators, said Yves Roche, the chief executive officer.
DuPont Co. plans to expand production of a material used in electric-car batteries to challenge market leaders Polypore International Inc. of the U.S. and Asahi Kasei Corp. and TonenGeneral Sekiyu K.K. of Japan.