BMI View: The earthquake in Japan in 2011 will have a significant bearing on the country’s metals industry for years to come. In the short term, the disruption halted production at several copper and aluminium refineries. It is also set to hurt demand as the economy has now slipped back into recession. However, we expect demand and supply of metals to pick up as reconstruction efforts continue. Steel and aluminium are the two sectors most likely to benefit as much of Japan’s infrastructure around the epicentre of the earthquake has been damaged. Over the long term we expect production and …
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