Japan's Mitsubishi Materials sees H1 copper output up 17% on year

Mitsubishi Materials

03/04/2023 11:09

TOKYO, April 3 (Reuters) - Japan's Mitsubishi Materials
Corp  5711.T  plans to produce 213,198 tonnes of refined copper
in the first half of the 2023/24 financial year, it said on
Monday, up 17.2% from the same period a year earlier. 
    The country's first half falls between April and September.
    The increase comes as Mitsubishi Materials took full
ownership of its Onahama Smelting and Refining copper joint
venture in March, buying the stakes of DOWA Holdings  5714.T  
and Furukawa Co  5715.T .
    Following are details of the company's output plan, with
comparisons against planned production in the second half and
actual production in the first half of the 2022/23 financial
year, which ended on March 31.    
 (Copper and lead in tonnes):
            H1 FY23/24    H2 FY22/23   H1 FY22/23
   Copper      213,198       160,632      181,980
     Lead       14,322        14,154       13,470
  

 (Reporting by Yuka Obayashi
Editing by Bernadette Baum)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265))