Mitsui mining smelting

By | 01.01.2018
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Stock analysis for Mitsui Mining & Smelting Co Ltd (5706:Tokyo) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Mitsui Mining & Smelting (Mitsui Kinzoku), a subsidiary of Japanese firm Mitsui, is a manufacturer of processed metal products for the automotive and mining industries. It is active in Peru through two operations: Compañía Minera Santa Luisa and Mitsui Mining & Smelting Co., Ltd. Mitsui-Soko Holdings; Mitsui Mining & Smelting; Nihon Unisys; JA Mitsui Leasing; Isetan Mitsukoshi Holdings; Denka; Oji Paper Company; Sumitomo Mitsui . Detailed technical analysis and trading signals for the Mitsui Mining and Smelting Co. Stock. This page contains the latest News about the Mitsui Mining and Smelting Co. stock.

TOKYO -- Mitsui Mining & Smelting is again scaling up production of electrolytic copper foil, which lets the latest smartphones become lighter and packed with more features every year, to meet surging demand.

The Japanese manufacturer also known as Mitsui Kinzoku, whose global market share exceeds 90% for the product, announced last month that it plans to boost monthly production capacity by nearly 50% by November 2018, mitsui mining smelting. The move is necessary "to handle the increase in orders," President Keiji Nishida said when presenting quarterly earnings shortly afterward.

Busy season

November's announcement marked Mitsui Kinzoku's third notice of expanding production capacity over the past year. In October, it finished boosting potential monthly output by 35% to 2.7 million sq. meters, mitsui mining smelting. Plans were originally to lift capacity by a further 22% by next July, but the company added mitsui mining smelting 18% toward an operation capable of producing 3.9 million sq. meters by November next year.

The copper foil, less than 5 microns thin, has been chiefly employed in semiconductor package substrates of modules and memory storage. Then this year, the copper foil was adopted for smartphone motherboards, resulting in a spike in demand since more foil is needed compared to package substrates.

Those motherboards can currently be found in high-end smartphones made by U.S.-affiliated manufacturers. But now "Chinese smartphone majors are reportedly intending to use MicroThin [copper foil], indicating reputational progress," said Takeshi Nou, mitsui mining smelting, senior executive officer at Mitsui Kinzoku.

To keep up with demand, the company is looking at building dedicated production facilities and adding equipment in Malaysia and at home in Saitama Prefecture.

Earnings tailwind

Nonferrous metal manufacturers are already receiving a lift from rising metal prices, but Mitsui Kinzoku's engineered materials segment, which revolves around copper foils, is the company's top earner. Mitsui Kinzoku had previously projected a lower pretax profit for the current year ending March 2018, until it turned in second-quarter results upgrading the black ink to 39 billion yen ($346 million), a 26% jump.

Driving the 9 billion yen upward revision is the additional 7.3 billion yen the engineered materials segment is expected to contribute, mitsui mining smelting. The full year's pretax profit for the segment is likely to soar about 70% to 27.3 billion yen, accounting for 70% of the consolidated figure.

Mitsui Kinzoku is shipping motherboard-use electrolytic copper foil to its second client during this financial half, mitsui mining smelting. "Copper foil will continue mitsui mining smelting for another one or two years," predicts Atsushi Yamaguchi, senior analyst for SMBC Nikko Securities.

Investor doubts

The stock market's enthusiasm for Mitsui Kinzoku has been short-lived, however. After the company turned in its latest quarterly earnings on Nov. 11, its share price rocketed to 7,150 yen on Nov. 15, the highest since February 2007 after taking into account share consolidation. But the stock later went on a downward spiral, closing at 6,030 yen on Friday, barely above the 5,930 yen close the day before the earnings report.

Zinc and copper prices are taking a beating amid worries over slowing Chinese demand. That had a ripple effect on nonferrous manufacturers as well, though Yuji Matsumoto at Nomura Securities points to profit-taking as another factor.

"Some are voicing concerns over the future prospects of the smartphone market," said Matsumoto, mitsui mining smelting. "If healthy earnings, a growing smartphone market, adoption by new models and such can be confirmed, the valuation could be re-examined," he added.

Expanding the portfolio

Mitsui Kinzoku is starting to dabble in solid electrolytes, the key ingredient in all-solid-state batteries, seen as the next-generation energy source for electric vehicles. Unlike lithium-ion batteries, which can be fire-prone since they use liquid electrolytes, solid-state batteries are resistant to combustion.

Solid-state batteries miner mining support higher power capacity and faster recharge. Mitsui Kinzoku started to provide samples to domestic automakers.

"Our clients say the functionality of the electrolytes is exceedingly good," said Nishida, though he adds, "No promises have been made yet."

Mitsui Kinzoku plans to develop positive and negative electrodes along mitsui mining smelting the electrolytes, which is slated to enter full mining equipment from germany in 2020 at the earliest.

Still hanging over Mitsui Kinzoku is the sobering reality that engineered materials are highly exposed to economic conditions and technological advances. A change in application can render an offering unusable.

"We mitsui mining smelting like to expand the 'leading roles' of engineered materials," said Nishida. Mitsui Kinzoku is also pressed to diversify away from the highly volatile resources business. The company recorded three straight years of impairment losses at a Chilean copper mine until fiscal 2015.

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Mitsui Mining & Smelting Co., Ltd. - Nikkei Asian Review

This page contains the latest News about the Mitsui Mining and Smelting Co. stock. Mitsui Mining & Smelting Co. Ltd - 5706 - Mitsui Mining & Smelting is a mineral Producer company based in Tokyo, Japan with 18 assets in 9 countries. Stock analysis for Mitsui Mining & Smelting Co Ltd (MMSMY:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. TOKYO -- Mitsui Mining & Smelting is again scaling up production of electrolytic copper foil, which lets the latest smartphones become lighter and pac. MITSUI MINING & SMELTING CO LTD GOLD BAR MANUFACTURER IN JAPAN Mitsui Mining & Smelting Co Ltd, which produces gold mainly as a by-product of copper smelting, has its. Mitsui Mining & Smelting Co. Ltd. ADR stock price, stock quotes and financial overviews from MarketWatch.

Mitsui Mining & Smelting (Mitsui Kinzoku), a subsidiary of Japanese firm Mitsui, is a manufacturer of processed metal products for the automotive and mining industries. It is active in Peru through two operations: Compañía Minera Santa Luisa and Mitsui Mining & Smelting Co., Ltd. This page contains the latest News about the Mitsui Mining and Smelting Co. stock. Stock analysis for Mitsui Mining & Smelting Co Ltd (5706:Tokyo) including stock price, stock chart, company news, key statistics, fundamentals and company profile.


Business summary

Mitsui Mining & Smelting Co., Ltd. engages in the manufacture and sale of functional engineered materials and electronic materials. It also manufacture and sale of automotive parts and components; nonferrous metal smelting; minerals resource development; precious metal recycling; and raw material related businesses. The company operates its business through following segments: Engineered Materials, Metals, Automotive Parts & Components, and Affiliates Coordination. The Engineered Materials segment consists of battery materials, automotive catalysts, engineered powders, rare metals, and single crystals. The Metals segment engages in the zinc, copper and precious metals. The Automotive Parts & Components segment produces functional automotive parts. The Affiliates Coordination segment offers magnesium, aluminum and zinc die-cast products, and also offers plates and coils made using copper, copper alloys, and brass which is an alloy of copper and zinc, as well as various other rolled copper products. Mitsui Mining & Smelting was founded on May 1, 1950 and is headquartered in Tokyo, Japan.

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