JX Advanced Metals Increases FY Profit and Dividend Forecasts Amid Rising Copper Prices
JX Advanced Metals raised its annual net profit forecast to 93 billion yen ($598 million) from 79 billion yen due to strong demand for materials in AI server applications and higher copper prices. The company reported that demand for its information and communications materials is exceeding expectations. Additionally, JX has partially agreed on treatment and refining charges for 2026 negotiations with global miners, reportedly achieving slightly better terms than Chinese smelters.
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JX Advanced Metals has increased its net profit forecast for the fiscal year ending in March to 93 billion yen ($598 million) from 79 billion yen, driven by strong demand for materials used in artificial intelligence server applications and rising copper prices. The company noted that the demand for key products in the information and communications materials segment is expanding faster than anticipated.
Regarding treatment and refining charges for 2026, JX has reached partial agreements with global miners, securing slightly better terms than those agreed by Chinese smelters at $0 per metric ton and 0 cents per pound. Negotiations with other parties are ongoing.
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