Japan is accelerating a decade-old plan to extract rare earths from the deep seabed, an ambitious initiative given extra impetus by the country’s drive to cut reliance on Chinese supply.
The Chikyu, the deep sea drilling vessel operated by the Japan Agency for Marine Earth-Science and Technology. Photographer: Tomohiro Ohsumi/Getty Images
Mitsubishi Corp. agreed to buy Aethon Energy Management LLC’s US gas and pipeline assets for $5.2 billion, the biggest purchase by a Japanese company in the American shale sector.
The Mitsubishi Corp. logo outside the company's head office in Tokyo.
The energy trading arm of Sumitomo Corp. is considering setting up an LNG desk in Singapore, the latest move by the Japanese company to strengthen its foothold in the seaborne market for the fuel.
China’s warning to Japan that it could choke off supplies of rare earths, its favorite weapon in trade conflicts, targets a persistent vulnerability among Japanese manufacturers after more than a decade of Tokyo trying to reduce reliance on its rival.
Neodymium at a factory in Baotou, Inner Mongolia, China. Photographer: Nelson Ching/
Some of Japan’s biggest trading houses warned that the recent volatility in the yen is boosting investment risks, and urged authorities to help stabilize the currency.
Donations in an offertory box at the Kanda Myojin shrine on the first business day of the year in Tokyo, on Jan. 5. Photographer: Noriko Hayashi/Bloomberg
Some of Japan’s biggest trading houses warned that the recent volatility in the yen is boosting investment risks, and urged authorities to help stabilize the currency.
Donations in an offertory box at the Kanda Myojin shrine on the first business day of the year in Tokyo, on Jan. 5. Photographer: Noriko Hayashi/Bloomberg
Japan’s ruling party has proposed cutting government subsidies for large-scale solar projects, as it pushes to reduce emphasis on renewables in the nation’s energy strategy.
A solar plant in Awaji, Hyogo, Japan. Photographer: Buddhika Weerasinghe/Bloomberg
Sumitomo Corp. will invest 200 billion yen ($1.3 billion) on several Indian renewable power projects, to take advantage of rapid growth in demand from major industrial users.
Photovoltaic panels at a solar farm in Pavagada, Karnataka, India. Photographer: Dhiraj Singh/Bloomberg
Japan’s JFE Steel Corp. will invest 157.5 billion rupees ($1.7 billion) in an equal joint venture with India’s JSW Steel, the Japanese company said in a statement.
A JFE Steel Corp. plant in Kanagawa Prefecture, Japan.
The world’s largest nuclear power plant has won a long-delayed approval to restart, a watershed moment for Japan and its energy industry after the country witnessed the worst atomic disaster this century.
The Kashiwazaki-Kariwa nuclear power station in Kashiwazaki, in Japan's Niigata prefecture.
The world’s largest nuclear power plant has won a long-delayed approval to restart, a watershed moment for Japan and its energy industry after the country witnessed the worst atomic disaster this century.
The Kashiwazaki-Kariwa nuclear power station in Kashiwazaki, in Japan's Niigata prefecture.
Japan’s government plans to expand public support for offshore wind power projects as costs increase rapidly and threaten the nation’s renewable energy goals.
Offshore wind projects are currently excluded from the decarbonization auction system because they receive separate public support.
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