Japan's economic growth and jump on car sales rise demand for metals.

 Sahit Muja

Sahit Muja: Japan's economic growth and jump on car sales rise demand for metals.

Japan's economy the world's third-largest economy is set to grow by 2.2. in 2012. Japan's industrial output will rise 3.6 percent in the current fiscal year and 3.2 percent in the next, according to the poll of 27 economists conducted in July.
Japan's crude steel output rose rose by 4.3% YoY to 27.5 million tonnes .

Albanian Minerals forecast increase in demand for special steel ingredients ferrochrome, nickel, chrome ore, iron ore, manganese in Japan during the Q3 and Q4 in 2012.
Albanian Minerals forecast that demand  for special steel products in Japan in the quarter Q3 and Q4 is estimated to be:

For domestic sales 2,300,000 tonnes, for exports: 1,200,000 tonnes, up by 2.5% in domestic sales, up by 2.4% in exports.
There are positive signals in Japan in ferrochrom, nickel, copper, silver and aluminum consumption growth from strengthening of auto sales.

The demand for stainless steel from the automobile manufacturing sector would increase. Japan's domestic new car sales in the period from January to June 2012 jumped 54% YoY to 2.95 million units, the highest in six years.
Domestic passenger car production surged 60% from a disaster hit low 2011 to 781,340 units in May 2012.

Demand for stainless steel in Japan is forecasted to also increase from domestic sectors through to the second fiscal half
Indian silico-manganese price is at $1,200/ton CIF, up $40/ton or about 2% this month . The price for charged Chrome ore,  high - carbon ferrochrom in Japan,  US and Europe  is $1.25/lb Cr .

For Q3 shipments to Japan of low-carbon ferrochrome offered prices is $2.10 - 2.16/lb .  Chinese ferro-chrome remained essentially flat above $1,300 per metric ton. The price of Chinese ferro-moly continues hovering below $22,800 per metric ton.

The price of 304 stainless coil rose by 1.1 percent. The price of 304 stainless steel scrap gained 1.1 percent as well.
The price of 316 stainless coil remained flat  $4,700 per metric ton. The price of Chinese 316 stainless steel scrap remained steady north of $2,600 per metric ton.
Nickel  at $15950 per metric ton.

Sahit Muja
President and CEO
Albanian Minerals, New York

US, EU and Japan blame China for their failures to produce rare earth metals

 Sahit Muja: Albanian Minerals, New York

Sahit Muja: US, EU and Japan blame China for their failures to produce rare earth metals.

The United States, the European Union and Japan filed a case at World Trade Organization against China over its restrictions on exports of rare earth metals.

President Obama blames China for his failures. Mr Obama how about you work to put in place initiative and drive investment in rare earth metal industry and create jobs in the U.S.

Mr. Obama, it's time to stop blaming others and taking responsibility "Your failures are never your fault, they are always caused by others".

Many Americans don't realize the amount of misinformation that fills their heads. The endless blame for China in the U.S is so popular these days and Obama is sailing with the wind to get some votes in 2012 election.

There is no reason under the sun to continue the dependency on China. The U.S boasts the third largest reserves of rare earth metals in the world.

China says it curbed output and exports to conserve resources and protect the environment. China is contributing tremendously to the rare earth industry.
China, whose reserves only make up one-third of the world total, currently accounts for nearly 90 percent of the total global production.

The 17 rare earth metals include lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium and lutetium as well as scandium and yttrium.

Many of these minerals may be difficult to extract and refine, but they are not all that "rare.". The U.S., Russia, Australia, Canada and Albania have significant deposits of rare earth metals.

The U.S, has millions of tonnes of rare earth elements but it would take years to extract them.The US boasts the third largest reserves in the world after China
"Rare earth" is an alternative name for the lanthanides of the elements ranging from 57 to 71 – plus yttrium and scandium.

The elements are integral to modern life, and are used in everything such as electronics, magnets, defense materials, disc drives, hybrid cars, wind turbines, iPhones, flat-screen televisions, sunglasses to lasers and aircraft used by the military.

China controls 90 per cent of the world's supply and has been tightening its export quotas, sparking concerns in the U.S., Europe and Japan .
Environmental policies in the U.S., Japan and Europe has discourage the miners, thereby handing this monopoly to China

The United States and other nations can ramp up production and other infrastructure required for the mining and refining of these rare earth minerals.
Even if the WTO action is successful China will still have a monopoly .

There is no reason under the sun to continue the dependency on China. This is a strong case for returning investment to the United States.
There is a clear and present danger to our national security interest. We can and must supply our own needs. 

China's state-run Xinhua news agency on Tuesday said in a commentary that "Beijing will defend the nation's rare-earth industry, which involves the mining and processing of key minerals used in everything from consumer gadgets to electric cars to defense systems".
"It is rash and unfair for the United States to put forward a lawsuit against China before the WTO, which may hurt economic relations between the world's largest and second-largest economies:.

Sahit Muja
President and CEO
Albanian Minerals
New York

Japan is a unique civilisation blossomed and is thriving economically

 

 Sahit Muja: Japan

Sahit Muja: Japan is a unique civilisation blossomed and is thriving economically .
The Japanese economy is a third largest in the world.

Japan is a major global economic power, and  income levels and standards of living are among the highest in the world. The country’s successful economy is based on the export of high-quality consumer goods developed with the latest technologies.

Among the products Japan is known for are automobiles, cameras, and electronic goods such as computers, televisions, and sound systems

Japan's main export goods are cars, electronic devices and computers.
Japan's important trade partners are China and the USA,  Europe Union, South Korea, Taiwan, Hong Kong, Singapore, Thailand and Germany.
 
Japan has a huge surplus in its export and import balance.
 Japans manufacturing, construction, distribution, real estate, services, and communication are Japan's major industries today. 
 
Tourism: Japan is one of the easiest countries to travel. 
If You want to learn about the Japanese culture you need to  spend weeks in cities such as Kyoto and Nara, gorging yourself on temples, shrines, kabuki tea ceremonies and museums packed with treasures from Japan's rich artistic heritage.

The modern Japan's cities are an absolute wonderland - an easy peek into the future of the human race, complete with trend-setting cafés and fabulous restaurants and hotels. Outside the cities in Japane, you'll find natural wonders.

The  food is amazing,  fresh sushi in Tokyo, perfectly battered tempura in Kyoto, or a hearty bowl of rāmen in Osaka, if you like eating you're going to love Japan.
The best of all for My personal experience visit Japan is the gracious hospitality of the Japanese people.

Sahit Muja
President and CEO
Albanian Minerals
New York