logo
Japan's Sojitz, JOGMEC team up with Alcoa for gallium study in Australia

Japan's Sojitz, JOGMEC team up with Alcoa for gallium study in Australia

Reuters3 days ago
TOKYO, Aug 4 (Reuters) - Japanese trading house Sojitz established a joint venture with Japan Organization for Metals and Energy Security (JOGMEC) to study gallium production in Australia, Sojitz said on Monday.
Gallium, a critical mineral, is used in semiconductors where demand continues to grow with the expansion of electric cars, mobile devices and other electronic items.
The joint venture, Japan Australia Gallium Associates (JAGA), signed a joint development agreement with U.S. Alcoa (AA.N), opens new tab to explore the feasibility of producing gallium at Alcoa's alumina refinery in Western Australia.
The companies aim for final investment decision by the end of 2025, Sojitz said on Monday, and production in 2026 with gallium to be sold in Japan and in other countries.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The big beef producer and the frontier wars; ‘progress' in Ukraine talks; real range of EVs revealed
The big beef producer and the frontier wars; ‘progress' in Ukraine talks; real range of EVs revealed

The Guardian

time3 minutes ago

  • The Guardian

The big beef producer and the frontier wars; ‘progress' in Ukraine talks; real range of EVs revealed

Good morning. We continue our Descendants series with revelations of Australia's biggest beef producer's historical links to abuses against Aboriginal people – through the actions of its longest-serving superintendent before he joined the company, and others who helped establish its farming operations in the 19th century. With all eyes on Moscow as Donald Trump's deadline for Russia to agree to peace with Ukraine looms large, US officials have met with Vladimir Putin at the Kremlin. An academic is crying foul after the University of Sydney removed a Palestinian flag flying from his office window. And: a new study finds the real-world range of EVs doesn't match manufacturers' claims. 'Chilling effect on free speech' | The University of Sydney has removed a Palestinian flag hanging outside an academic's office after claiming it breached a new policy regarding flags. The Descendants | The Australian Agricultural Company, or AACo, is worth about $830m as Australia's largest beef producer, but investigations have uncovered the company's historical links with the dispossession, shooting and poisoning of Aboriginal people through the exploits of Jesse Gregson and others who helped establish its operations. CSIRO cuts | Hundreds more jobs could be axed at Australia's national science agency, sparking concerns the country is gutting its research capability. Electric vehicles | A government-funded program to test the true performance of vehicles has found the driving range of five popular electric cars is between 5% and 23% lower than results from laboratory testing. 'No clear explanation' | Since July many Meta users have reported accounts being suspended erroneously – and Australian businesses are now struggling. A personal platypus | British wartime PM Winston Churchill was due to receive a monotreme named after him but it mysteriously died en route. German U-boats were blamed – but was that the truth? Russia-Ukraine war | Donald Trump said 'everyone agrees this war must come to a close' after US envoy Steve Witkoff met with Vladimir Putin at the Kremlin as the deadline to end Russia's war against Ukraine looms. Gaza crisis | Israel has issued forced displacement orders for Gaza City and Khan Younis amid fears of full occupation in Gaza. Our exclusive story reveals Israel relies on Microsoft's cloud services for expansive surveillance of Palestinians. Plus: the film about a Palestinian photographer killed by missiles in Gaza. Trump tariffs | The White House is placing an additional 25% tariff on imports from India, bringing total tariffs up to 50%, in retaliation for the country's purchase of oil from Russia. Bolsonaro detained | A Brazilian judge has eased the terms of Jair Bolsonaro's house arrest, allowing the far-right former president to receive visits from family. 'Islamophobic and discriminatory' | A local authority in Spain has banned Muslims from using public facilities such as civic centres and gyms to celebrate the religious festivals Eid al-Fitr and Eid al-Adha. Can Trump be shamed into supporting human rights? After three decades at the helm of Human Rights Watch, the former executive director Kenneth Roth has written a memoir about his time campaigning against human rights violations around the world – including in the Palestinian occupied territories. He speaks with Nour Haydar about why he thinks there's always a strategy to pressure governments into supporting better human rights outcomes. The US Bureau of Labor Studies released its July employment figures last week, and they were not good. In response, Donald Trump did what any autocrat would do when told bad news: he shot the messenger – by firing the commissioner of labor statistics. In his latest Grogonomics column, Greg Jericho argues that Trump's war on statistics is an authoritarian attack on democracy – and countries like Australia should call it out. The Tjanpi Desert Weavers is an Indigenous-run social enterprise that empowers women across 350,000 sq km of central Australia to earn an income through fibre art. Its contemporary art and sculptural works based in traditional practices have been exhibited in Australia – and around the world. Thirty years after it all began, Dellaram Vreeland looks at how 400 Indigenous women in remote Australia took the art world by storm. Sign up to Morning Mail Our Australian morning briefing breaks down the key stories of the day, telling you what's happening and why it matters after newsletter promotion AFL | Jayden Nguyen's Bombers debut could herald new era as the AFL tackles cultural diversity, Jack Snape writes. Cricket | The Hundred is set for Twenty20 transformation as early as next year, with IPL investors keen on a switch. Football | Liverpool grant Darwin Núñez the go-ahead for a move to Saudi Arabia's Al-Hilal; Newcastle's Alexander Isak ordered to train alone amid transfer speculation. Rugby union | Rugby in the US suffers another blow as the second team in a week exits Major League Rugby. Increasing numbers of older Australians are seeking to share houses as property prices continue rising and rental costs soar, the Sydney Morning Herald reports. Business leaders claim Melbourne's post-Covid recovery is under threat from the state government's plan to enshrine a legal right to work from home, the Age reports. NSW | A hearing is scheduled in the NSW supreme court as MP Gareth Ward fights parliamentary expulsion. Nationwide | A national student strike is scheduled in support of Palestine. NSW | The Lowy Institute is hosting a debate on 'How to defend Australia'. Business | AMP's full-year results are due to be announced this morning. Enjoying the Morning Mail? Then you'll love our Afternoon Update newsletter. Sign up here to finish your day with a three-minute snapshot of the day's main news, and complete your daily news roundup. And follow the latest in US politics by signing up for This Week in Trumpland. And finally, here are the Guardian's crosswords to keep you entertained throughout the day. Until tomorrow. Quick crossword Cryptic crossword

Trump says Japan to import huge Ford F-150 trucks
Trump says Japan to import huge Ford F-150 trucks

Auto Blog

time3 hours ago

  • Auto Blog

Trump says Japan to import huge Ford F-150 trucks

By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. The developments come just two years after the autoworker union secured landmark contracts with Detroit automakers. If your daydreams look more like blockbuster action movies, you're in luck. This LS3-swapped 1972 Chevy Chevelle is for sale right now on Exotic Car Trader. View post: Walmart Is Selling an 'Efficient' $220 Chest Freezer for Only $119, and Shoppers Say It 'Has Plenty of Room' The 2026 Corvette ZR1X has an official price as Chevrolet reveals the Quail Silver Limited Edition package. Seems Like Wishful Thinking For The Land Of The Kei Car President Donald Trump on Tuesday said Japan would import massive Ford F-150 pickup trucks following the most recent trade deal between the two countries. That seems unlikely considering Japan's preference for smaller vehicles, but the statement was typical of a president who's often cited as being fast and loose with the truth. 0:08 / 0:09 Honda may move the next-generation Civic production from Mexico to the U.S. Watch More 'They're taking our cars,' Trump said in a CNBC phone interview Tuesday. 'They're taking the very beautiful Ford F-150, which does very well. And I'm sure it'll do well there too, along with other great products.' This statement came as Japan's lead trade negotiator, Ryosei Akazawa, traveled to the United States to see that the Trump Administration honored its commitment under the revised trade deal, which lowers tariffs on Japanese automotive imports to the U.S. from 25% and 15%. Trump's Trade War Continues Trump has been threatening tariffs on most countries since taking office in January, with the auto industry a particular target. While the U.S. and Japan negotiated lower tariffs, they're still much higher than before and, according to Seeking Alpha, there's no official timeline for when the lowering of tariffs will take effect. Akazawa is expected to push for an executive order to formally implement the new tariff rates. In the interview, Trump also reiterated claims that the trade deal includes a $550 billion 'signing bonus' from Japan, although Tokyo has reportedly downplayed this, saying only 1-2% of that amount represents direct investment in the U.S. economy, while the rest consists of loans and guarantees from private firms. Ford Isn't Happy With Trade Deal Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Japan suddenly deciding to import F-150 trucks seems implausible given Ford CEO Jim Farley's recent negative comments about the trade deal. Farley said last week that the deal would actually benefit Ford's Japanese rivals, claiming lower labor costs and favorable exchange rates would make Japan-manufactured vehicles cheaper than Ford's U.S.-built vehicles with the lower 15% tariff. Ford has claimed that as much as 80% of its U.S. sales volume is domestically assembled, but that hasn't helped it avoid the impact of tariffs. During the automaker's second-quarter earnings call, Farley said Ford faced a tariff bill of $2 billion. Ford is just one of several automakers releasing dour financial results as the tariffs hit—with no relief in sight. About the Author Stephen Edelstein View Profile

Novavax banks on vaccine supply partnerships to boost 2025 revenue
Novavax banks on vaccine supply partnerships to boost 2025 revenue

Reuters

time5 hours ago

  • Reuters

Novavax banks on vaccine supply partnerships to boost 2025 revenue

Aug 6 (Reuters) - Novavax (NVAX.O), opens new tab raised its full-year adjusted revenue forecast on Wednesday, betting on the strength of vaccine supply partnerships, including with Serum Institute of India and Japan's Takeda (4502.T), opens new tab, sending its shares surging 15%. The biotech has been shifting its focus to commercializing vaccine candidates through partnerships. It relies on revenue from its licensing deal with French drugmaker Sanofi ( opens new tab and vaccines in development, including a COVID-flu combination shot and for bird flu that is currently undergoing lab testing. Novavax had licensed the rights for its COVID-19 shot, Nuvaxovid — also its sole commercial product — to Sanofi in an up to $1.2 billion deal last year. The company expects its 2025 adjusted revenue to be between $1 billion and $1.05 billion, up from $975 million to $1.03 billion forecast earlier. This excludes Sanofi sales and royalties. Novavax also beat Wall Street expectations for second-quarter revenue, driven by a $175 million milestone payment related to the U.S. approval of Nuvaxovid in May. It plans to start a post-marketing study on Nuvaxovid by the end of the year, and estimates that to cost between $70 million and $90 million. The company expects Sanofi to reimburse about 70% of the costs, while it will absorb the rest. Novavax's traditional protein-based COVID-19 shot offers an alternative technology to messenger RNA-based rivals from Pfizer (PFE.N), opens new tab and Moderna (MRNA.O), opens new tab, but has failed to make a mark in the U.S. vaccine market due to manufacturing issues and regulatory hurdles. The biotech, however, sees an opportunity after the U.S. Department of Health and Human Services said it would wind down mRNA vaccine development under its biomedical research unit, BARDA, which helps companies develop treatments and diagnostic tools to address public health threats. "There is the potential opportunity for us, particularly since other platforms may be taken out of consideration," Novavax Executive Vice President Silvia Taylor said on a post-earnings call. Novavax said it is working with BARDA on potential funding for its H5N1 bird flu vaccine candidate. It reported total quarterly revenue of $239 million, beating analysts' estimate of $147.96 million, according to data compiled by LSEG. Net income was down 34.4% at $106.51 million.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store