Sumitomo Metal Mining to Boost 2016 Copper Output 6.1 Percent

Reuters reported that Japan’s Sumitomo Metal Mining plans to boost its full year copper output by 6.1 percent for 2016.
As quoted in the publication:

The company forecast an output of 445,200 tonnes of electrolytic copper in the current financial year, up from an estimated 419,500 tonnes a year earlier, as output at its Toyo Smelter & Refinery in Ehime, western Japan will bounce back from last year when it conducted a 25-day maintenance, it said.
Sumitomo also aims to increase electrolytic nickel output by 2.0 percent in 2016, but it expects a 29 percent fall in ferro-nickel production due to a planned shut down of an electronic arc furnace at its Hyuga Smelting in Miyazaki, southwestern Japan.

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