Sojitz announced on 13th that the firm will invest 49% to CPC Mineria in Mexico and start to produce barite, a kind of rare metal. The firm will restart mining and refinement business, and start to produce high-grade barite in summer of 2013. The firm targets 19% world share of the transaction volume looking demand expansion in petroleum oil and gas extraction time.
Barite is used to get rid of muck from drilling mud.
Japan Steel Scrap Composite Prices (Sangyo Press)07/08/2020
|22100YEN (-200)||24200YEN (-100)|
|203.33US$ (-2.58)||222.65US$ (-1.73)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)