Tag Archives: Sumitomo

Record nickel exports add to glut: Sumitomo

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Nickel exports may climb to a record this year because Prime Minister Shinzo Abe’s stimulus hasn’t spurred demand in the world’s third-biggest user of the metal, adding to a global glut, the country’s top producer said.

http://www.japantimes.co.jp/news/2013/05/28/business/record-nickel-exports-add-to-glut-sumitomo/#.UaOnvdKOSSo

Sumitomo plans to increase electrolytic nickel production by 30 percent to 53,200 tons.

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The Tokyo-based company forecast refined copper output will fall to 423,000 metric tons in the year started April 1 from the previous year’s estimated output of 436,000 tons, it said in astatement today. The company plans to increase electrolytic nickel production by 30 percent to 53,200 tons, it said.

http://www.bloomberg.com/news/2013-04-01/sumitomo-metal-mining-to-cut-copper-output-3-in-fiscal-2013.html