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Sumitomo Metal targets higher electrolytic copper output in FY'17

Sumitomo Metal Mining Co. Ltd. forecasts production of 450,000 tonnes of electrolytic copper for its fiscal 2017 ending in March 2018, higher compared to the prior year's anticipated total of 445,200 tonnes.

The company also expects to produce 62,800 tonnes of electrolytic nickel and 14,100 tonnes of ferronickel in the full year, lower compared to 65,100 tonnes and 14,200 tonnes slated for fiscal 2016, respectively.

Full-year gold and silver output, meanwhile, are estimated to come in at 20,800 kilograms and 208,000 kilograms, respectively, the company said April 3.