Dowa Holdings Co., Japan’s biggest silver producer, will raise output 40 percent this year to meet solar-cell demand after the 2011 Fukushima disaster crippled a nuclear power plant and sent fossil fuel costs higher.
Nippon Steel & Sumitomo Metal Corp., JFE Holdings Inc. and Kobe Steel Ltd., Japan’s top three steelmakers, plan to pare costs by 275 billion yen ($2.7 billion) this year after a global glut pushed down product prices and curbed earnings at their iron and steel divisions.
Japan’s output of copper and copper-alloy fabricated products fell 5.3 percent in March from a year earlier, declining for a fifth month as demand from the automotive sector remained subdued, an industry group said.
Francisco Cervelli and Vernon Wells reached home on a throwing error by Toronto Blue Jays pitcher Aaron Loup, giving the New York Yankees a 5-3 win in the 11th inning of their Major League Baseball contest.
Japanese consumers are poised to become net buyers of gold for the first time in eight years as the yen’s decline and looming inflation drive them to seek refuge in bullion, according to Standard Bank Plc.
Gold futures tumbled the most since September 2011 in Tokyo after spot prices extended the biggest drop in 30 years and the yen strengthened against the dollar, spurring a sell-off. Silver, platinum and palladium also slid in Tokyo.