SHANGHAI Japans Mitsubishi Materials Corp. (MMC) will cut refined copper and lead output in the first half of its fiscal year due to maintenance shutdowns and weak demand.
Output is being slashed due to a decrease in copper content in concentrates and a 30-day planned maintenance that began in March at the Naoshima smelter, which led to a reduction in anode shipped to the Onahama smelter, MMC said.
Output will be cut to 25,832 tonnes per month in the first half of MMCs fiscal year, which ends March 31, 2014, down from 27,722 tonnes per month in first half of fiscal 2012.
The slated production is slightly above the 24,839 tonnes per month produced in the previous half.
Due to a slack recycled battery market, refined lead output will also be cut. Production of the metal will be reduced to 2,386 tonnes per month from 2,513 tonnes per month in the first half of 2012.
The company produced 2,400 tonnes per month in the second half of 2012.
Zinc output of 786 tonnes per month is being targeted, compared with 775 tonnes per month in the first half of 2012 and 880 tonnes per month in the second half of 2012.
A version of this article was first published by AMM sister publication Metal Bulletin.