Auto industry gloom crushing Japan's poor recyclers

Newswire

By Toshi Maeda TOKYO, Dec 26 (Reuters Life!) - Thousands of miles away from Detroit, homeless people in Japan are feeling the pinch from the U.S. "Big Three" automakers' financial woes, as they now receive less cash for the aluminium cans they collect to eke a living. Prices for aluminium, a metal used extensively in car manufacturing, have nosedived almost 60 percent since hitting records in July due to a slump in demand caused by the global economic recession, which has seen the ...

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