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October 4, 2009

Sumitomo Mining Sets 201,000t Copper Target

Japan's second biggest copper smelter, Sumitomo Mining, has set a 201,000t copper production target for the period of October 2009 to March 2010. The target, which signifies a 0.9% year-on-year decrease, was set by Sumitomo in April, the beginning of the company's business year.

By cms admin

Japan’s second biggest copper smelter, Sumitomo Mining, has set a 201,000t copper production target for the period of October 2009 to March 2010.

The target, which signifies a 0.9% year-on-year decrease, was set by Sumitomo in April, the beginning of the company’s business year.

A company spokesman told Reuters that Sumitomo was maintaining the 7% output curbs initiated early this year.

Japan’s smelters have been compelled to decrease output as manufacturers reduce production due to the global economic slump.

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