Japanese imports of rare earths from India

Indian Prime Minister Modi will visit Japan on August 31, people have yet to Japanese media have reported visit to Japan & ldquo; achievements & rdquo ;. "Japanese Economic News" reported on the 28th in the headlines, Japan and India will reach an agreement on September 1, imports of rare earths from India.

The report said that Japanese Prime Minister Shinzo Abe and Modi at the Tokyo talks, the Japanese companies and Indian companies to achieve common development and production of rare earth contract, the negotiations have been conducted for several years. Starting early next year in February, 2000-2300 tons of rare earth will be shipped from India to Japan. This is probably for the Japanese production of rare earths by 15% of the total.

"Japanese Economic News" commented that, before more than 90 percent of Japan's rare earths are imported from China, but since the collision occurred in Japan and Diaoyu Islands waters, China has reduced the amount of rare earth exports to Japan, making Japan uneasy. Since then, the Japanese government actively to increase rare earth import channels, and is committed to the development of substitute materials of rare earth, but there are still 60% of the rare earths to be imported from China. Imported from India to make rare Japanese imports of rare earth tend to diversify further, change the status quo of China's dependence. Apart from India, Japan is also working with Vietnam, Kazakhstan negotiate joint production of rare earth projects in order to diversify risk.

Indian leaders meeting in Japan & ldquo; China issues & rdquo; still more than rare. Japan's NHK television reported that Abe will be out for the China National Offshore activity is frequent, and India to discuss strengthening cooperation between the security field, the establishment of diplomatic and defense between Japan and India's cabinet members level consultation mechanism, and promised to provide loans to India. Japan's "Daily News" commented that the Indian Ocean is connected to the Middle East and other places in East Asia maritime traffic. China in recent years in the South Asian countries to strengthen the influence, Japan and India will issue a joint statement by the leaders of the talks between the two countries to strengthen the joint.

However, Japan and India would like to look into the honeymoon period is not easy. According to Japan's "Yomiuri Shimbun" reported on the 26th Fair Trade Commission of India to Japan in India 14 companies out of high fines, the amount of up to 43.2 billion yen (about 2.558 billion yuan). Right now, Japanese companies have expressed strong dissatisfaction against this practice in India relevant departments.


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