Japan's Pan Pacific sees 0.3% rise in H2 consigned copper output y/y

Mitsui Kinzoku

06/10/2023 09:23

TOKYO, Oct 6 (Reuters) - Pan Pacific Copper (PPC) plans
to consign production of 291,900 metric tons of refined copper
to its parent firms' smelters in the second half of the 2023/24
financial year, up 0.3% from a year earlier, Japan's biggest
supplier of the metal said on Friday.
    The country's second half falls between October and March.
    PPC is 67.8% owned by JX Metals Corp, a unit of Eneos
Holdings Inc  5020.T , and 32.2% held by Mitsui Mining and
Smelting Co Ltd  5706.T .
    PPC outsources smelting and refining operations to its
parent companies' plants. It procures raw materials and sells
the refined metals.
    JX Metals, which owns two smelters, plans to conduct
scheduled maintenance at its Saganoseki Smelter and Refinery in
southern Japan from late October for about a month, according to
a PPC spokesperson.
    Mitsui Mining's Tamano Smelter in western Japan also plans a
short turnaround in early December, he said.
    Following are details of the company's consigned output
plan, with comparisons against estimated production in the first
half of the 2023/24 year and actual production in the second
half of the 2022/23 financial year, which ended on March 31.
     (Copper in tonnes):     
          H2 FY23/24  H1 FY23/24    H2 FY22/23
  Copper     291,900     307,900       291,100
 
 (Reporting by Yuka Obayashi; Editing by Sohini Goswami)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265))