ITC To Investigate Hitachi Complaint on Patented Rare Earths Magnet

By Esther Tanquintic-Misa,

Shutterstock photo

The U.S. International Trade Commission ( ITC ) is set to undertake an investigation lodged by Japanese maker Hitachi Metals Ltd. against a group of 30 companies which the latter alleged imported and sold goods that infringed the technology patent of its sintered rare earth magnets.

In a case filed Aug. 17 before the ITC, Hitachi wants to block the importation of products from China that uses rare earth metals. The Japanese maker of specialty metal products that contain sintered rare earth magnets lodged the complaint against a number of Chinese companies that mine or use the metals, as well as those import or manufacture end products that utilise them. These include Skullcandy Inc., Bose Corp., DeWALT Industrial Tool Corp. and Adidas America Inc., among others. It alleged the companies violated Section 337 of the Tariff Act of 1930.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: ITC

More from International Business Times


International Business Times

International Business Times

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by