Fitch sees industrial metal prices falling in 2024, gold set to rise
London's 2024 benchmark copper price could slip 2% to $8,600 per metric ton, the firm said.
Mitsui Mining and Smelting Co Ltd, Japan’s biggest zinc smelter, plans to produce 117,800 tonnes of refined zinc in the second half of the 2023/24 financial year, up 9.8% from a year earlier, it said on Monday.
The second half runs from October to March.
Zinc is used mainly as an anti-corrosive coating while making galvanised steel.
Following are details of the company’s output plan, with comparisons against estimated first-half production of the 2023/24 year and actual second-half output of the 2022/23 financial year, which ended on March 31.
| H2 FY23/24 | H1 FY23/24 | H2 FY22/23 | |
| Zinc | 117,800 | 103,700 | 107,300 |
| Lead | 36,200 | 33,800 | 34,900 |
(By Yuka Obayashi; Editing by Muralikumar Anantharaman)
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