Sumitomo Metal Mining to Cut Copper Output 3% in Fiscal 2013

Sumitomo Metal Mining Co. (5713), Japan’s biggest nickel producer and second-largest copper smelter, will cut copper production by 3 percent in fiscal 2013.

The Tokyo-based company forecast refined copper output will fall to 423,000 metric tons in the year started April 1 from the previous year’s estimated output of 436,000 tons, it said in a statement today. The company plans to increase electrolytic nickel production by 30 percent to 53,200 tons, it said.

To contact the reporters on this story: Jae Hur in Tokyo at jhur1@bloomberg.net; Ichiro Suzuki in Tokyo at isuzuki@bloomberg.net

To contact the editor responsible for this story: Brett Miller at bmiller30@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.