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Showa Denko to Shift Rare-Earth Alloy Output to China-Nikkei
Jun. 30, 2011 09:33PM PST
Rare Earth InvestingReuters reported that Showa Denko KK (TYO:4004) plans to move some of its rare earth alloy production to China.
Reuters reported that Showa Denko KK (TYO:4004) plans to move some of its rare earth alloy production to China.
The market news is quoted as saying:
Showa Denko will spend around 200 million yen ($2.5 million)to upgrade its Jiangxi Province plant, which currently makes standard magnetic alloys for hard drives.
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