off-the-wire

Japan's Dowa expects H1 copper output to fall 45% on year

Kitco Media
By Reuters
Published:
Updated:
Reuters
TOKYO, April 3 (Reuters) - Japan's Dowa Holdings Co Ltd expects to produce 17,806 tonnes of refined copper in the first half of the 2023/24 financial year, it said on Monday, down 44.8% from a year earlier. The first half runs from April to September. The sharp fall comes as Dowa sold its stake in the Onahama Smelting and Refining copper joint venture to Mitsubishi Materials Corp in March. Following are output plan details, with comparisons against planned production in the second half and actual output in the first half of the 2022/23 financial year, which ended on March 31.


(Copper, zinc and lead in tonnes):


H1 FY23/24 H2 FY22/23 H1 FY22/23 Copper 17,806 31,369 32,268 Zinc 80,019 103,244 80,506 Lead 4,620 6,224 4,069
(Reporting by Yuka Obayashi Editing by Bernadette Baum)

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