TOKYO, April 3 (Reuters) - Japanese smelter Furukawa Co
Ltd plans to produce 25,170 tonnes of refined copper in
the first half of the 2023/24 financial year, down 27.6% from
the same period a year earlier, it said on Monday.
The country's first half falls between April and September.
The drop comes as Furukawa sold its stake in the Onahama
Smelting and Refining copper joint venture to Mitsubishi
Materials Corp in March.
Following are details of Furukawa's output plan, with
comparisons against estimate production in the second half and
actual production in the first half of the 2022/23 financial
year, which ended on March 31.
(copper in tonnes):
H1 FY23/24 H2 FY22/23 H1 FY22/23
Copper 25,170 35,340 34,785
(Reporting by Yuka Obayashi
Editing by Bernadette Baum)
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.