Sumitomo Metal plans 11% cut in full-year copper output
Japan’s second-largest copper smelter, Sumitomo Metal Mining Co Ltd, said on Monday it planned to produce 399,500 tonnes of refined copper in the 2023/24 financial year that started this month, down 10.6% from a year earlier.
The decline comes as it plans to conduct a two-month maintenance at its Toyo Smelter & Refinery in Ehime, western Japan, between September and November, a company spokesperson said.
Here are details of the company’s output plan, compared with actual production in the first half of 2022/23 and planned production in the second half of 2022/23 as of Feb. 8.
| H1 FY2023/24 | H2 FY2023/24 | |
| copper | 188,800(223,240) | 210,700(223,800) |
| nickel | 30,000(25,383) | 30,200(28,000) |
| Ferronickel | 3,400(3,968) | 3,600(6,900) |
(By Yuka Obayashi; Editing by Bernadette Baum)
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