The monetary second half falls between October and March.
Japan’s largest copper provider Pan Pacific Copper (PPC) expects its second-half provide to rise after a drop a yr earlier attributable to scheduled renovation work on the Hitachi Refinery in jap Japan, an organization spokesperson mentioned.
PPC, collectively owned by JX Superior Metals, Mitsui Mining and Smelting and Marubeni, outsources smelting and refining operations to its guardian firms’ vegetation. It procures uncooked supplies and sells the refined metals.
The corporate sees stable demand from native electronics components and development sectors, the spokesperson added.
Sumitomo Metallic Mining (SMM) additionally expects a 21% rise in second-half output following a two-month upkeep shutdown at its Toyo Smelter & Refinery in western Japan between September and November final yr, an organization spokesperson mentioned.
In March, the Japan Copper and Brass Affiliation projected a 5.9% improve in home demand for copper merchandise in fiscal 2025, citing an anticipated restoration within the car and chip industries that may drive demand for plates and strips, copper tubes, and brass bars.
The Japan Electrical Wire & Cable Makers’ Affiliation (JCMA) has additionally forecast 2% development in home copper wire shipments within the present yr, helped by a resurgence within the semiconductor trade and sturdy export demand.
Under are the manufacturing plans of base metals in metric tons for October to March by key suppliers PPC, Mitsubishi Supplies, SMM, Furukawa, Dowa Holdings, Mitsui Mining and Smelting, Nittetsu Mining and Toho Zinc.
The desk exhibits comparisons towards deliberate or estimated manufacturing in metric tons within the first half of the 2024/25 monetary yr and precise output within the second half of the 2023/24 yr that ended on March 31, with year-on-year proportion adjustments for the second half of 2024/25.
H2 | H1 | H2 | ||
FY2024/25 | FY2024/25 | FY2023/24 | y/y | |
COPPER | ||||
Pan Pacific | 303,700 | 305,500 | 291,000 | 4.4 |
Mitsubishi | 196,578 | 225,294 | 208,380 | -5.7 |
SMM | 227,000 | 227,000 | 187,020 | 21.4 |
Furukawa | 22,890 | 23,301 | 23,301 | -1.8 |
Dowa | 4,183 | 3,747 | 4,054 | 3.2 |
Nittetsu | 24,327 | 24,776 | 24,605 | -1.1 |
TOTAL | 778,678 | 809,618 | 738,360 | 5.5 |
ZINC | ||||
Mitsui | 119,100 | 103,200 | 112,500 | 5.9 |
Dowa | 107,670 | 89,830 | 92,545 | 16.3 |
Toho Zinc | 26,300 | 30,100 | 41,423 | -36.5 |
TOTAL | 253,070 | 223,130 | 246,468 | 2.7 |
LEAD | ||||
Toho Zinc | 42,700 | 45,087 | 41,183 | 3.7 |
Mitsui | 35,600 | 33,100 | 37,600 | -5.3 |
Mitsubishi | 14,976 | 15,090 | 15,162 | -1.2 |
Dowa | 5,960 | 4,116 | 6,144 | -3.0 |
TOTAL | 99,236 | 97,393 | 100,089 | -0.9 |
NICKEL | ||||
SMM | 32,000 | 31,100 | 30,787 | 3.9 |
FERRONICKEL | ||||
SMM | 2,200 | 2,100 | 1,848 | 19.0 |
(Reporting by Yuka Obayashi)