(MENAFN) Mitsubishi Materials Co, Japan's No.3 copper producer, unveiled plans to scale down its output in the second half of its fiscal year, Reuters reported.
The company said it plans to produce 149,034 tonnes of copper in the October-March period, that's down 10 percent from 166,962 tonnes a year earlier.
A company spokesman explained that the company will perform a 30-day repair at its mainstay Naoshima plant, scheduled for next March, and is not connected with a slowdown in China's copper demand.
Mitsubishi had halted the 20,000 tonnes per month Onahama plant in Fukushima prefecture, part-owned by Dowa Mining Co and Furukawa Co, for 20 days for maintenance from mid-October last year.
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