日本JX Advanced Metals提升再生材料加工能力

Group 1 - JX Advanced Metals plans to invest 7 billion yen (approximately 47 million USD) to enhance its preprocessing capacity, aiming to improve the processing capabilities of recycled raw materials in its metals and recycling business [1] - The company is considering scaling down operations and promoting "green mixed smelting" to reduce reliance on copper concentrates while increasing the proportion of recycled materials [1] - By 2027, JX Advanced Metals aims to increase its preprocessing capacity by 50%, including the addition of furnaces, to handle more materials requiring preprocessing, such as low-grade electronic waste [1] Group 2 - JX Advanced Metals is Japan's largest copper smelting producer, with an annual copper production capacity of 450,000 tons [1] - The investment is expected to enhance the profitability of its metals and recycling business while supporting the circulation of copper resources, which is fundamental to renewable energy and electrification [1] - The company noted strong demand for precious and rare metals, primarily sourced from recycled materials in its advanced materials business, including semiconductors and information communication materials [1] Group 3 - Japanese copper smelters are facing challenges due to a sharp decline in copper concentrate processing fees (TC/RC) and decreasing smelting profit margins amid tight concentrate supply and expanded smelting capacity [2] - The president of JX Advanced Metals indicated that the company might cut several thousand tons of copper production in the fiscal year 2025 and will announce a roadmap for reducing smelting capacity by March [3] Group 4 - The Chinese copper industry faces three major challenges: increasing dependence on foreign upstream resources, overcapacity in the midstream processing sector, and downstream demand being suppressed by high copper prices [4]