Friday, April 24, 2009

Japanese Copper Production Down 60 Per Cent On Last Year

Japan’s output of copper and copper alloy fabricated products, including sheets and tubes, plunged 60 percent in March from a year earlier, an industry group said.

Production declined for an eighth straight month, slumping to 34,440 metric tons from 86,570 tons, the Japan Copper and Brass Association said in a statement today, citing preliminary data. Output dropped as machinery and electronics makers accelerated production cuts amid a recession

Source: Bloomberg

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