Japan's Pan Pacific plans 1.3% rise in H1 consigned copper output

Mitsui Kinzoku

01/04/2024 10:03

TOKYO, April 1 (Reuters) - Pan Pacific Copper (PPC)
plans to consign production of 312,300 metric tons of refined
copper to its parent firm's smelters in the first-half of the
2024/25 financial year, up 1.3% from a year earlier, Japan's
biggest supplier of the metal said on Monday. 
    The country's first-half falls between April and September.
    PPC is 47.8%-owned by JX Metals Corp, a unit of Eneos
Holdings Inc  5020.T , 32.2% by Mitsui Mining and Smelting Co
Ltd  5706.T , and 20% by Japanese trading house Marubeni Corp
 8002.T . Marubeni bought the stake in PPC from JX Metals on
March 29.
    PPC outsources smelting & refining operations to its parent
company's plants. It procures raw materials and sells the
refined metals.    
    Following are details of the company's consigned output
plan, with comparisons against estimated production in the
second-half of the 2023/24 financial year and actual production
in the first-half of the 2023/24 year.
     (Copper in tonnes):     
          H1 FY24/25  H2 FY23/24    H1 FY23/24
  Copper     312,300     290,100       308,300
    

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