TDK overcoming Japanese resistance and founds Chinese rare earth magnet company.

Institute for Rare earth and metals, 08.05.2013. The Japanese electronics company TDK Corporation announced, that he will call together with two other companies a joint venture for the production of rare earth magnets to life. It seems as if the earlier reluctance on the part of the Japanese government Bzgl. overcome such a step.

Guangdong Rising Nonferrous Metals Group Co gab bekannt, that they will be found together with the Japanese TDK Corporation, Japan Tokai Trade Corporation a company for NdFeB magnets: die Guangdong Rising TDK Rare Earth Advanced Material Co.

Guangdong Rising Nonferrous wird 12,21 Invest millions of USD, what constitutes a 37% share of the registered capital of the new company. TDK invested 33 Million USD, giving a proportion of 59% weight and the remaining 4% or. 1,32 Million dollars will be invested by Tokai Trade.

The new company is a production capacity of 1.500 Reach tons per year for high performance NdFeB magnets.

It is expected, that the demand for high performance NdFeB magnet in the hybrid vehicle industry, and several other industries, will increase. TDK wants to start a business in China, the supply of raw materials and the production of NdFeB, and to ensure a stable supply. Neodymium, Samarium and dysprosium, rare earth elements are important for high-performance NdFeB and SmCo magnets, which are crucial for a number of purposes in hybrid vehicles and green technologies.

Lynas Corp Australiens. and US-based Molycorp neodymium produce. However, the production of dysprosium and samarium is low outside China. Some industry sources anticipate any significant increase in production until at least 2015-16. In July last year, the Japanese government TDK and Hitachi Metal has prevented from doing joint ventures in China to establish, to build high-performance magnets. The reason given was, that this a civil, but also a military advantage, have.

Many industry sources speculated, that the Japanese government wanted to prevent, that intellectual property for the production of these magnets is assigned. Hitachi Metal keeps a record number of patents on these products.

Conquest of the supply chain

Japan is aware, China's intention that there is an increasingly large share of the supply chain, of base materials to the finished product, is to usurp and therefore compete with the Japanese companies. According to industry sources, China needs company, the Bzgl their expertise. who Magnet Production teilen-, although it is unclear, if this applies to this announcement.

TDK soft, they'll magnets, IT equipment and various electronic devices for motor vehicles, in cooperation with Chinese partners Rising Nonferrous Metals Co, based in Guangdong and resource development company Tokai Trade Co, a subsidiary of a Japanese Unternhemensgruppe with the same name, manufacture.

TDK had originally 2014 planned, together with the Japanese conglomerate Showa Denko and Hitachi Metal, Produce high-performance magnets in China, until they were prevented by the Japanese government because. It is possible, that further cooperation will be followed in the production of magnets between Japanese and Chinese companies.

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