Japanese copper smelters’ H2 output seen rising 5.5% y/y
The Japan Copper and Brass Association projected a 5.9% increase in domestic demand for copper products in fiscal 2025
Jakarta – Indonesian state-controlled miner PT Aneka Tambang (Antam) ANTM.JKhas acquired a 30% stake worth $102 million in a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, the company said in an exchange filing.
Antam – through its subsidiary nickel miner PT Gag Nikel – bought shares in PT Jiu Long Metal Industry, a metal company established in 2020 and controlled by Eternal Tsingshan Group Ltd, the Indonesian company said late on Monday.
The smelter is located in Weda Bay industrial park, according to data from the North Maluku government.
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