Japan's Dowa expects H2 copper output to fall 87.6% y/y

Mitsubishi Materials

02/10/2023 10:34

TOKYO, Oct 2 (Reuters) - Japan's Dowa Holdings Co Ltd
 5714.T  expects to produce 4,167 metric tons of refined copper
in the second half of the 2023/24 financial year, it said on
Monday, down 87.6% from a year earlier.
    The second half runs from October to March.
        The sharp reduction comes after Mitsubishi Materials
Corp  5711.T  took full ownership of the Onahama Smelting and
Refining copper joint venture in eastern Japan from April,
buying the stakes of Dowa and Furukawa Co Ltd  5715.T . 
    Following are output plan details, with comparisons against
planned first-half production of the 2023/24 year and actual
second-half production of the 2022/23 financial year, which
ended on March 31.  
    (Copper, zinc and lead in tonnes): 
            H2 FY23/24   H1 FY23/24    H2 FY22/23
  Copper         4,167       17,806        33,682
    Zinc        93,271       80,019        97,203
    Lead         6,121        4,620         5,567
 
 (Reporting by Yuka Obayashi
Editing by Mark Potter)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))