Japan: Zinc Quotes Fall 5000 Yen

According to Japanese media reports, Mitsui Metals Corporation announced on January 4, 2012 that the price of zinc fell by 5,000 yen per ton in January, and that the price was 185,000 yen per ton after the revision. Although the LME (LME London) spot price as a non-ferrous metal quotation indicator was relatively stable at the beginning of the year, it was still lower than the quoted price after December 19, 2011 reform. In addition, due to the impact of the appreciation of the yen at the beginning of the year, zinc prices have declined.