Japan's Pan Pacific to consign 303,600 tons of refined copper in H1

JX Advanced Metals

01/04/2025 09:40

TOKYO, April 1 (Reuters) - Pan Pacific Copper (PPC) plans to consign 303,600 metric tons of refined copper production in the first half of the 2025/26 financial year, nearly unchanged from a year earlier, Japan's biggest supplier of the metal said on Tuesday.

The first half of Japan's financial year spans from April to September.

PPC is 47.8% owned by JX Advanced Metals 5016.T, 32.2% held by Mitsui Mining and Smelting 5706.T, and 20% by Marubeni 8002.T.

The company outsources smelting and refining operations to its parent metal companies' plants, while it handles raw material procurement and refined metal sales.

JX Advanced Metals, which operates two smelters, plans scheduled maintenance at its Saganoseki Smelter and Refinery in southern Japan from October to November this year, according to a PPC spokesperson.

Mitsui Mining's Hibi Smelter in western Japan completed a turnaround from October to November last year, she added.

Following are the details of the company's consigned output plan, with comparisons to estimated production for the second half and actual production for the first half of the 2024/25 financial year, which ended on March 31.

     (Copper in tons):

H1 FY25/26
H2 FY24/25
H1 FY24/25
Copper
303,600
294,300
305,700

 (Reporting by Yuka Obayashi; Editing by Rashmi Aich)

 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265))