Marubeni reports Japan's aluminium stocks declined by 2.6% in February

On March 27, 2023, Marubeni Corp. reported that aluminium stocks at three major Japanese ports, Yokohama, Nagoya and Osaka, dipped by 2.6 per cent to 382,400 tonnes at the end of February 2023 from 392,500 tonnes from January 2023.

Japan's largest trading company, Marubeni Corp., has been functionalised for over 160 years. The Tokyo headquartered Marubeni continues expanding its businesses globally, with a presence in over 65 countries and 130 branches and offices worldwide.

The data was collected by the Japanese trading giant Marubeni from the ports of Yokohama, Nagoya, and Osaka. It stood at 382,400 tonnes in February, 392,500 in January, and 294,600 in December 2022.

The latest AlCircle industry-focused report, ‘Global Aluminium Industry Outlook 2023’, unveils that the primary aluminium stocks at the three main Japanese ports of Osaka, Nagoya and Yokohama stood at 378,550 tonnes in November 2022.

Japan depends on imports for its primary aluminium requirements. Quarterly imports increased by over 2 million tonnes during the first two quarters of 2022 and declined to about 1.62 million tonnes during Q3-2022.

In February 2023, Marubeni Corp. partnered with global mining and metal giant Rio Tinto to strengthen downstream aluminium supply chains. Under the new strategic collaboration agreement, the Japanese conglomerate ensured a sustainable and consistent supply to the country's downstream manufacturers of Rio Tinto's responsible aluminium products.