Industrial Metals

Bloomberg reported that power-generating coal imports to Japan are likely to increase by 5% after nuclear reactors closed.

Bloomberg reported that power-generating coal imports to Japan are likely to increase by 5% after nuclear reactors closed.

The market news is quoted as saying:

Japan has been battling for 12 days to prevent a meltdown at the Fukushima Dai-Ichi plant. The reduction of nuclear power will likely strengthen Japan’s imports of oil and liquefied natural gas as alternative fuels.

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