Japan’s zinc demand may increase 7.2 percent this year to a four-year high as the economy recovers from an earthquake and tsunami and the weaker yen helps boost exporters, the country’s largest smelter said.
The Chinese entrepreneur and the Peruvian shopkeeper have never met. Yet Li Shiping’s dream of riches and success in China is uprooting Victor Raul Ancieta’s village 18,000 kilometers (11,000 miles) away in the Andes.
A global nickel surplus may narrow on increasing stainless-steel demand from China and as new mining projects have stalled, limiting a decline in prices, said Sumitomo Metal Mining Co., Japan’s top producer.
Processing fees to turn copper ore into metal will likely be sustained at high levels next year after an earthquake in Japan shut smelting capacity and China imported less of the raw material, said Japan’s top smelter.