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Sumitomo Metal Mining cuts copper & nickel output guidance-2019 China(Guangzhou)Int’l Metal & Metallurgy Exhibition
-metal exhibition
4/8/2019 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo- |
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Japanese base metal producer Sumitomo Metal Mining said that it plans to cut its copper and nickel cathode output in the current financial year ending March 2020 due to plant maintenance and tight feedstock supplies. The company plans to produce 420,000 tonnes of copper cathode in the current April 2019-March 2020 financial year, down 7% from an estimated output of 452,000 tonne in the previous financial period. Its Toyo smelter will close for 35 days in October for maintenance. The copper output of 420,000 tonnes is the lowest since the 419,500 tonnes production during the April 2015-March 2016 period.
It plans to produce 62,600 tonnes of nickel cathode in the current financial year, down 4% from the estimated output of 64,900 tonnes in the previous period. This is the lowest production since the 57,700 tonnes output in the April 2014-March 2015 financial year.
Ferronickel production is seen at 13,300 tonnes for the current financial year, up 7% from the estimated output of 12,400 tonnes in the previous period.
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