Japan's Dowa expects H1 copper output to fall 77.5% y/y

Mitsubishi Materials

01/04/2024 11:22

TOKYO, April 1 (Reuters) - Japan's Dowa Holdings Co Ltd
 5714.T  expects to produce 3,747 metric tons of refined copper
in the first half of the 2024/25 financial year, it said on
Monday, down 77.5% from the same period a year earlier, as a
result of a merger completion.
    The first half runs from April to September.
    Mitsubishi Materials Corp  5711.T  took full ownership of
the Onahama Smelting and Refining copper joint venture in
eastern Japan from April, 2023, buying the stakes of Dowa and
Furukawa Co Ltd  5715.T .
    Dowa's production remained relatively high in the first half
of last year due to the supply that had been consigned to the
Onahama plant prior to April, a spokesperson at Dowa said. 
    The following are output plan details, with comparisons
against planned production in the second half of the 2023/24
financial year and actual output in the first half of 2023/24. 
    (Copper, zinc and lead in metric tons): 
            H1 FY24/25   H2 FY23/24    H1 FY23/24
  Copper         3,747        4,167        16,632
    Zinc        89,830       93,271        70,822
    Lead         4,116        6,121         5,183
 
 (Reporting by Yuka Obayashi; editing by Barbara Lewis)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))