Brief: Sumitomo Metal Mining Executive: Factored In About 20 Billion Yen Loss Into FY2026 Forecast Due To Middle East Conflict, With Energy Costs Expected To Surge
11/05/2026 07:12
May 11 (Reuters) - Sumitomo Metal Mining Co Ltd 5713.T: SUMITOMO METAL MINING EXECUTIVE: FACTORED IN ABOUT 20 BILLION YEN LOSS INTO FY2026 FORECAST DUE TO MIDDLE EAST CONFLICT, WITH ENERGY COSTS EXPECTED TO SURGE SUMITOMO METAL MINING EXECUTIVE: COPPER TC/RCS FOR 2026 ARE EXPECTED TO REMAIN IN DOUBLE DIGITS, BUT LIKELY BELOW 2025 LEVELS SUMITOMO METAL MINING EXECUTIVE: SOME TC/RC NEGOTIATIONS ARE STILL ONGOING SUMITOMO METAL MINING EXECUTIVE: HIGHER COPPER PREMIUMS ARE EXPECTED TO PARTIALLY OFFSET DETERIORATED TC/RCS SUMITOMO METAL MINING EXECUTIVE: THE IMPACT ON PRODUCTION AT THE NICKEL PLANT IN THE PHILIPPINES WILL BE MINIMAL DESPITE THE MIDDLE EAST CRISIS, AS MOST OF THE SULPHURIC ACID IS PRODUCED AT OUR TOYO PLANT IN JAPAN Source text: [ID:] Further company coverage: 5713.T (Reporting by Yuka Obayashi)
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Brief: Sumitomo Metal Mining Executive: Factored In About 20 Billion Yen Loss Into FY2026 Forecast Due To Middle East Conflict, With Energy Costs Expected To Surge
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