CAPITAL MARKETS

Mitsui, Sumitomo to form zinc joint venture

JAPAN'S largest and fourth-largest zinc producers, Mitsui Mining and Smelting and Sumitomo Metal Mining, plan to integrate their zinc units to cut costs as prices drop and competition from imports increases.

MiningNews.Net
Mitsui, Sumitomo to form zinc joint venture

"We have done cost-cutting for many years. But there is a limit to what one company can do alone," Sumitomo Metal president Koichi Fukushima told a news conference in Tokyo, Reuters reported. The alliance...

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