Japanese OEMs Make a Play For Canadian Rare Earth Mining Firms MetalMiner, by admin on November 30, 2010
The “Rare Earth Metal Scare” if we can agree to call it that, has lit a fire under some Japanese global corporations when it comes to securing raw material supply. The ‘alleged’ rare earth export ban from China has put at least two Asian countries in high gear to kick-start a full-blown global sourcing strategy. The fire started when the Canadian Embassy in Tokyo received a request from the Japanese government in November, to conduct a seminar introducing Japanese trading firms and OEM’s to Canadian junior rare earth mining firms.
The meetings took place earlier this month. According to a source we spoke to, the trading houses had called the consulate up to 10 times per day inquiring about what metals each of the junior miners have available. Several Canadian mining companies participated (Avalon, Commerce Resources, Pele Mountain, Rare Earth Metals, Rock Tech Lithium, Stans Energy and Harp Capital) and 65 Japanese companies attended including (Mitsubishi, Marubeni, Toyota, Mitsui, Hitachi, Sumitomo and The Japan Steel Works – JSW to name a few) with just two weeks notice. 300 Japanese firms remained on the waiting lists to meet with the mining firms. This activity comes on top of a recent Japanese government announcement of a $1.3b fund to help Japanese firms secure supplies from abroad. Bitte beachtet, dass auch The Japan Steel Works dort waren. |
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