Rebuilding Japan Mining News

Japan reconstruction good for copper, iron ore – Friedland

Copper and iron ore prices should remain high in the near future because of additional demand for reconstruction in Japan after a devastating earthquake and tsunami, Ivanhoe Mines Ltd Chief Executive Robert Friedland said. The earthquake in northeastern Japan destroyed thousands of homes, levelled buildings and bridges and caused damage estimated at up to $308 billion, according to the Nikkei newspaper.

Japan quake an unprecedented opportunity to rebuild

Marcus Noland of the Peterson Institute for International Economics said, “This is a Keynesian stimulus program that nobody can argue with: just rebuilding the city of Sendai. Rebuilding Sendai could actually be an opportunity to try to create a growth pole in northern Japan".