Copper Output Increasing in Japan with Rising Local Demand

Reuters reported today that Japanese copper output is expected to increase by 4.4% from now until the end of the year compared with the latter two thirds of 2013. Local copper demand is rising with increasing urban development and infrastructure refurbishment. Meanwhile, smelters in Japan have more financial incentives for processing due to increased premiums and fees.

As quoted in the publication:

Pan Pacific Copper (PPC), Japan’s biggest copper smelter and a unit of Japan’s JX Holdings Inc, said it was aiming for a 5.5 percent increase in its refined copper output for the first half of the 2014 business year that started on April 1, to meet strong demand at home and abroad including China.

Click here to read the full Reuters article.