Japan's Mitsubishi Materials expects 9% drop in H2 copper output

Mitsubishi Materials

03/10/2022 09:12

TOKYO, Oct 3 (Reuters) - Japan's Mitsubishi Materials
Corp  5711.T  plans to produce 160,632 tonnes of refined copper
in the second half of the 2022/23 financial year, it said on
Monday, down 9.1% from the same period a year earlier. 
    The country's second half falls between October and March.
    The decline comes as Japan's third-biggest copper smelter
expects output at its Naoshima smelter and refinery in western
Japan to fall by 17% due to a planned maintenance. 
    The company's output at its Onahama plant, north of Tokyo,
is estimated to increase by 7% year-on-year for the six months,
it added.
    Following are details of the company's output plan, with
comparisons against planned production in the first half and
actual production in the second half of the 2021/22 financial
year, which ended on March 31.    
 (Copper and lead in tonnes):
               H2 FY22/23    H1 FY22/23   H2 FY21/22
   Copper         160,632       180,852      176,622
     Lead          14,154        14,184       14,256
 (Reporting by Yuka Obayashi, Editing by Louise Heavens)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265))