Japan Aluminum Scrap Exports Seen at Record as S. Korea Buys
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Japan’s exports of aluminum scrap are headed for a record this year as a weaker yen and higher recycling capacity in South Korea boost shipments, according to Mitsui Bussan Metals Co.
“This year’s exports will be a record if the yen and aluminum prices remain stable,” said Shigeyuki Fukushima, executive vice president of the unit of Mitsui & Co., Japan’s second largest trading house. Shipments reached an all-time high of 148,000 metric tons in 2009 and were 120,000 tons in the first nine months of this year, finance ministry data show.