Japan's Pan Pacific plans 3.6% reduction in H2 copper output

Mitsui Kinzoku

04/10/2021 09:21

TOKYO, Oct 4 (Reuters) - Japan's Pan Pacific Copper (PPC)
plans to produce 292,600 tonnes of refined copper in the second
half of the 2021/22 financial year that will end on March 31,
down 3.6% from a year earlier, the country's biggest supplier of
the metal said on Friday. 
    PPC is 67.8% owned by JX Nippon Mining & Metals, a unit of
Eneos Holdings Inc  5020.T , and 32.2% by Mitsui Mining and
Smelting Co Ltd  5706.T . PPC outsources smelting and refining
operations to its parents' plants.
    Following are details of the company's output plan, with
comparisons against estimated production in the first half of
the 2020/21 financial year and actual production in the second
half of the 2019/20 financial year, which ended on March 31.
     (Copper in tonnes):     
             H2 FY21/22  H1 FY21/22  H2 FY20/21
  Copper        292,600     304,100     303,600
 
 (Reporting by Yuka Obayashi; Editing by Kirsten Donovan)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265))