Against the backdrop of a business environment undergoing significant change, SMM unveiled the 2015 3-Year Business Plan in February this year. With regards to the mineral resources business and smelting and refining business, the long-term vision states a target of 300,000 metric tons of copper interests, 30 metric tons of gold interests, and a 150,000 metric ton production capacity for nickel, and progress has been made to expand interests as such since the 2009 3-Year Business Plan. This policy remains unchanged in the 15 3-Yr Plan.
The future of metal prices is currently unclear, but SMM aims to steadily obtain profit by sustaining and improving productivity in order to take full advantage of the strategy and increased investment implemented thus far. As well as proactively taking forward explorations focusing mainly on gold, the acquisition of existing mines shall also be considered to increase resource interests.
With regards to the materials business, a new battery materials production site was completed in March this year in the form of Sumiko Energy Materials Co., Ltd.’s Nahara Plant (Fukushima prefecture). Demand for materials for automotive batteries is expected to increase henceforth. It is also expected that demand for crystal materials for smartphones and other products in the information and communication field as such products become increasingly functional. As such, SMM shall increase production of battery materials and crystal materials in these growth areas.
Sumitomo Metal Mining’s growth to date has in no way been underpinned solely by the business climate; it has also been built up by the efforts made by its employees and the cooperation of its shareholders and other stakeholders. The SMM Group will continue to make the utmost effort to implement its growth strategy as it has in the past, based on economic conditions and the business climate. Based on our motto, “deeds, not words,” we will fulfill our objectives in an effort to further increase our corporate value.
We will actively distribute information relating to projects as well as new products and technologies in order to familiarize shareholders more deeply with SMM and retain your trust.
We look forward to the continued support and understanding of our shareholders in these endeavors.