Japan’s Zinc Exports Seen Down by Mitsui Mining on Abenomics
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Japan’s zinc exports may drop more than previously estimated because domestic demand is climbing as Prime Minister Shinzo Abe stimulates the economy, pushing premiums higher in Asia, said Mitsui Mining & Smelting Co.
Shipments may be 110,000 metric tons in the fiscal year through March 31, down 27 percent from the July forecast of 150,000 tons, said Osamu Saito, general manager at the business department of Tokyo-based Mitsui, Japan’s biggest producer. The nation shipped 126,000 tons the previous year, he said.