Japan's Mitsubishi Materials sees H2 copper output up 34% y/y

Mitsubishi Materials

02/10/2023 08:16

TOKYO, Oct 2 (Reuters) - Japan's Mitsubishi Materials
Corp  5711.T  plans to produce 217,002 tonnes of refined copper
in the second half of the 2023/24 financial year, it said on
Monday, up 34% from the same period a year earlier. 
    The country's second half falls between October and March.
    The Naoshima Smelter & Refinery in western Japan is expected
to see an increase of about 17% in copper production in the
second half due to an absence of scheduled maintenance conducted
during the previous year, the company said in a statement.
    Also, copper output at its Onahama Smelting & Refining in
eastern Japan will rise about 61% as it took full ownership of
the copper joint venture from April, buying the stakes of DOWA
Holdings  5714.T  and Furukawa Co  5715.T , it added.
    Following are details of the company's output plan, with
comparisons against planned production in the first half of the
2023/24 year and actual production in the second half of the
2022/23 year, which ended on March 31.    
    
 (Copper and lead in tonnes):
            H2 FY23/24    H1 FY23/24   H2 FY22/23
   Copper      217,002       213,198      161,886
     Lead       15,066        14,322       15,042
 
 (Reporting by Yuka Obayashi; editing by Eileen Soreng)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265))