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Hitachi Leads Rare Earth Recycling Efforts as China Cuts Access to Supply
Dec. 08, 2010 04:59PM PST
Rare Earth InvestingBloomberg reports that Hitachi, Japan’s third-biggest company, uses as much as 600 tons of rare earth metals each year in products.
Bloomberg reports that Hitachi, Japan’s third-biggest company, uses as much as 600 tons of rare earth metals each year in products.
The market news is quoted as saying:
Hitachi, whose shares have gained 49 percent this year, says the machines are the first of their kind. The shares rose to their highest since Dec. 2008 today, closing on the Tokyo Stock Exchange at 420 yen, up 1.7 percent.