Japan's Sumitomo Metal plans 11% cut in FY2023/24 copper output

Kitco Media
By Reuters
Published:
Updated:
Reuters
TOKYO, April 3 (Reuters) - Japan's second-largest copper smelter, Sumitomo Metal Mining Co Ltd , said on Monday it planned to produce 399,500 tonnes of refined copper in the 2023/24 financial year that started this month, down 10.6% from a year earlier. The decline comes as it plans to conduct a two-month maintenance at its Toyo Smelter & Refinery in Ehime, western Japan, between September and November, a company spokesperson said. Here are details of the company's output plan, compared with actual production in the first half of 2022/23 and planned production in the second half of 2022/23 as of Feb. 8. (copper, nickel, zinc in tonnes)


H1 FY2023/24 H2 FY2023/24 copper 188,800(223,240) 210,700(223,800) nickel 30,000(25,383) 30,200(28,000) Ferronickel 3,400(3,968) 3,600(6,900)


(Reporting by Yuka Obayashi Editing by Bernadette Baum)

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