Sumitomo Metal Mining to Cut Copper Output 3% in Fiscal 2013Jae Hur and Ichiro Suzuki
Sumitomo Metal Mining Co., Japan’s second-largest copper smelter and biggest nickel producer, will cut copper production by 3 percent in fiscal 2013.
Refined-copper output will drop to 423,000 metric tons in the year that began today from the previous year’s estimated 436,000 tons, the Tokyo-based company said in a statement today. Electrolytic nickel production may increase 30 percent to 53,200 tons, it said.
The company’s copper output will decline this fiscal year due to scheduled maintenance for 20 days at the Toyo smelter between October and November, while its nickel production will rise with the shipment of intermediates from the Taganito project starting in the second half, it said.
The following table summarizes the company’s metals output. Figures are in metric tons, except for gold and silver, which are in kilograms:
============================================================= Metal 2013 2012 1H 2H 1H 2H ============================================================= Copper 204,000 219,000 218,000 218,000 Electrolytic 22,400 30,800 20,500 20,500 nickel Ferronickel 10,000 12,400 11,000 11,200 Zinc 25,600 24,400 21,000 24,000 Gold (kg) 11,100 11,800 14,000 13,300 Silver (kg) 91,000 97,000 114,000 100,000 ============================================================= * Note: At Hyuga ferronickel smelter, one of the two kiln lines will close for maintenance for 35 days between May and June and maintenance on the other line is scheduled for 22 days in September.