Japanese rare-earth buyers are switching to quarterly sales contracts and looking for alternative sources after China curbed shipments, increasing prices for the materials used in hybrid cars and missiles.
Nippon Steel Corp., Japan’s biggest steelmaker, expects prices to stay low this year as global producers of the metal used in cars, ships and construction continue to compete for orders amid slowing demand.
JFE Holdings Inc., Japan’s second- biggest steelmaker, will push back a decision on whether to build a $3.6 billion integrated steel mill in Vietnam, its first outside Japan, as it assesses competitive risks.
As Apple Inc., Microsoft Corp. and Motorola Mobility Holdings Inc. keep trying to prove who violated each other’s patents, the companies may be motivated to prevent a possible ban on imports of Xboxes and iPhones.
Kobe Steel Ltd., Japan’s third- biggest steelmaker, jumped 16 percent in Tokyo trading, leading domestic rivals higher and extending yesterday’s gain after saying it planned to sell its voting right stake in hydraulic equipment maker Nabtesco Corp.
Sumitomo Metal Industries Ltd . and Nippon Steel Corp ., in talks to create the world’s No. 2 steelmaker, may invite partner Kobe Steel Ltd . to join should it spin off its steel operations, Sumitomo Metal’s chairman said.