Nobuyuki Nakamoto News
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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.
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Japan’s zinc output will climb in 2012 as smelters run at full capacity to meet recovering demand from the auto and construction industries after the earthquake and tsunami, amid a forecast for a global deficit.
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Zinc production in Japan will slump by at least 9 percent this year after the March earthquake, doubling imports to the highest level in 11 years, said the country’s top producer of the metal used to galvanize steel.
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Mitsui Mining & Smelting Co. , Japan’s biggest refined zinc producer, is planning to shut its Hikoshima smelter in western Japan for about 20 days of maintenance starting from late October, a company executive said.
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Zinc output by Mitsui Mining & Smelting Co. , Japan’s biggest producer of the refined metal used to galvanize steel , may decline in the next fiscal year as it plans to shut its largest smelter for two months of maintenance.
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