Metals Demand in Japan May Drop as Factories Shut After Quake
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Demand for industrial metals in Japan, Asia’s biggest importer of aluminum, may decline as factories shut because of damage or power shortages after the country’s strongest earthquake on record, analysts said.
“You’ve got some production decline and certainly a consumption decline as well,” Jim Lennon, a senior analyst at Macquarie Group Ltd., said in a phone interview today. Japan is the world’s second-largest buyer of copper ore after China.