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