Aluminum Declines on the LME, Kobe Steel Wants an Automotive Supply Plant in the US

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Kobe Steel Ltd., a supplier of aluminum sheet to half of the Japan’s auto industry, is considering building a ¥100 billion plant in the US to expand sales to Japanese automakers operating in North America.

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The prize is an expected tenfold increase in demand for aluminum sheet here in the US, where stricter fuel economy standards have ignited a race among automakers to save weight and boost the efficiency of new models, driving up demand for the lightweight metal.

 

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