TOKYO, Oct 2 (Reuters) - Japan's Dowa Holdings Co Ltd expects to produce 4,167 metric tons of refined copper in the second half of the 2023/24 financial year, it said on Monday, down 87.6% from a year earlier. The second half runs from October to March. The sharp reduction comes after Mitsubishi Materials Corp took full ownership of the Onahama Smelting and Refining copper joint venture in eastern Japan from April, buying the stakes of Dowa and Furukawa Co Ltd. Following are output plan details, with comparisons against planned first-half production of the 2023/24 year and actual second-half production of the 2022/23 financial year, which ended on March 31. (Copper, zinc and lead in tonnes): H2 FY23/24 H1 FY23/24 H2 FY22/23 Copper 4,167 17,806 33,682 Zinc 93,271 80,019 97,203 Lead 6,121 4,620 5,567 (Reporting by Yuka Obayashi Editing by Mark Potter)
S&P GSCI Copper Index 2
Index
Market Closed - USA 10:01:20 2024-05-02 pm EDT | 5-day change | 1st Jan Change | ||
691.1 PTS | +0.49% | -0.69% | +14.34% |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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5,800 JPY | +0.05% | +2.65% | 2.19B | ||
3,037 JPY | -0.07% | +0.73% | 2.52B | ||
2,729 PTS | -0.03% | +0.66% | - | ||
1,950 JPY | +0.36% | +3.78% | 459M | ||
1,313 PTS | -0.04% | -2.92% | - | ||
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