Shinya Yamada News
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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.
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Japan, the world’s second-largest economy, may invest in African and Bolivian mineral projects after a revised law to help companies acquire overseas mining rights takes effect from July 1.
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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.
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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.
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Japan’s former Prime Minister Yukio Hatoyama will lead a delegation to Vietnam to discuss obtaining rare earth supplies and lobby for nuclear and rail contracts, an official in his office said.
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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.
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JFE Holdings Inc., Japan’s second- largest steelmaker, surged the most in five months in Tokyo after saying it will pare costs to counter falling prices.
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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.
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Chinese buyers stopped new orders of scrap steel from Japan and blocked some existing cargoes because of concern over radiation from a crippled nuclear plant, researcher Umetal.com said.
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Japan’s Nikkei 225 Stock Average fell 98.81, or 1 percent, to 9,439.13 as of the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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