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Sumitomo Metal Mining Co Ltd (5713.T)

5713.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sumitomo Metal Mining Exec: Expect Copper Output At Sierra Gorda Mine To Increase To 101,000 Tonnes In Calendar 2018 From 97,000 Tonnes In 2017
Thursday, 10 May 2018 

May 10 (Reuters) - Sumitomo Metal Mining Co Ltd <5713.T>::SUMITOMO METAL MINING SAYS EXPECTS COPPER PRICES TO RISE TO $6,500/T IN FY2018/19, AGAINST $6,444/T A YEAR EARLIER.SUMITOMO METAL MINING SAYS EXPECTS NICKEL PRICES TO RISE TO $6 PER POUND IN FY2018/19 FROM $5.06 A YEAR EARLIER.SUMITOMO METAL MINING EXEC SAYS EXPECTS COPPER OUTPUT AT SIERRA GORDA MINE TO INCREASE TO 101,000 TONNES IN CALENDAR 2018 FROM 97,000 TONNES IN 2017.SUMITOMO METAL MINING EXEC SAYS EXPECTS COBALT PRICES TO RISE TO $35 PER POUND IN FY2018/19 AGAINST $30.64 IN FY17/18.SUMITOMO METAL MINING EXEC SAYS EXPECTS 14 BILLION YEN LOSS FROM SIERRA GORDA MINE IN FY2018/19.SUMITOMO METAL MINING EXEC SAYS HIGHER COBALT PRICES BOOSTED ITS FY2017/18 PROFIT BY Y19 BILLION AND WILL LIKELY INCREASE FY18/19 PROFIT BY Y5 BILLION.  Full Article

Sumitomo Metal Mining announces application of International Financial Reporting Standards
Monday, 26 Mar 2018 

March 26(Reuters) - Sumitomo Metal Mining Co Ltd <5713.T>:Says it plans to apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles.  Full Article

Sumitomo Metal Mining unit to sell lead frame units to Jih Lin Technology Co., Ltd
Wednesday, 8 Feb 2017 

Sumitomo Metal Mining Co Ltd <5713.T>:Says the co's wholly owned subsidiary plans to sell three units, which are engaged in manufacturing of lead frames, to Jih Lin Technology Co., Ltd<5285.TW>.  Full Article

Sumitomo Metal Mining says cancellation of business integration with Hitachi Metals
Friday, 30 Sep 2016 

Sumitomo Metal Mining Co Ltd <5713.T>:Says it reached agreement with Hitachi Metals Ltd <5486.T>, to cancel business integration regarding lead frame business and wrought copper business.  Full Article

Poland's KGHM CEO expects copper prices to rebound next year
Tuesday, 6 Sep 2016 

KGHM : The chief executive officer at Poland's copper producer KGHM said on Tuesday he would expect copper prices to rebound next year. . "This year will be difficult on the copper market but we expect a rebound in 2017. There is a chance that the price will exceed $5,000 per tonne," Krzysztof Skora told reporters on the sidelines of the Economic Forum in Krynica, Poland. . Three-month copper on the London Metal Exchange was up 0.4 percent at $4,644 a tonne at 0950 GMT. [nL3N1BI2WM] Further company coverage: [KGH.WA] (Reporting by Wojciech Zurawski, Writing Agnieszka Barteczko; Editing by Mark Potter) ((agnieszka.barteczko@thomsonreuters.com;)).  Full Article

Nikkei drops as trade tensions escalate, Osaka quake hits utility stocks

TOKYO, June 18 Japanese stocks fell on Monday morning as an escalating trade dispute between the United States and China stoked concerns about the impact on global demand, triggering a sell-off in stocks such as makers of construction equipment.