Make Kitco Your Homepage

Mitsubishi Materials expects refined copper production drop in H2 of its fiscal year

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Mitsubishi Materials, a specialty metal business company, today announced its production plan for the 2nd half of the fiscal year ending March 31, 2023 (H2 2023).

According to the company’s statement, in H2 2023, Mitsubishi Materials plans to produce 26,772 tonnes of refined copper, 2,359 tonnes of refined lead, 3,017 kg of refined gold, and 29,500 kg of refined silver per month.   

The company said that compared to the same period last year, its total refined copper production will decrease approximately 9% year-on-year.

Importantly, Mitsubishi Materials noted that copper production will decrease approximately 17% at its Naoshima Smelter & Refinery due to maintenance shutdown in H2 2023.

The company added that its refined lead, gold and silver production in H2 2023 will be almost the same as the previous period.

Mitsubishi Materials Corporation is a Japanese company engaged in the specialty metal business. It is a manufacturer of copper and aluminium products, cemented carbide tools and electronic materials. It is one of the core companies of the Mitsubishi Group.

IAMGOLD, Endeavour report their gold operations in Burkina Faso unaffected by recent political developments

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.