CAPITAL MARKETS

Sumitomo may cut copper output: report

JAPAN’S third-largest copper smelter, Sumitomo Metal Mining, has said it may decrease production in the half-year to March after a mudslide at Freeport’s massive Grasberg copper-gold mine in Indonesia squeezed an already tight raw material supply even further.

Greg Tubby

Sumitomo may cut copper output: report

Sumitomo imports about 120,000 tonnes of copper concentrates a year from Grasberg, accounting for 20% of Japan’s total annual imports of 600,000t. The Grasberg slippage has delayed a shipment of 10,000t...

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