MetalsMaterials Business Area

metals Business Image

Business Overview

Mitsubishi ProcessThe Mitsubishi Process

Gold Bar and Electrolytic Copper 1kg Gold BarElectrolytic Copper

By smelting ore and raw materials such as E-Scrap, Mitsubishi Materials produces high-quality metals such as copper cathode, gold and silver, PGMs (platinum, palladium, rhodium, etc.), tin, and lead, as well as by-products such as sulfuric acid, based on its advanced technological capabilities through the proprietary development of the Mitsubishi Process, a highly efficient and pollution-free smelting process. The Company also provides gold, platinum, and silver accumulation services for individuals under the name "My Gold Partner" helping customers build assets.

Business Objectives and Strategies

Based on Mitsubishi Materials' basic policy of "creating the future through resource circulation," the Metals Business will stably supply materials necessary for industrial society while simultaneously achieving sustainable business growth and reducing environmental impact. Together with the Resource Circulation business, the Metals Business will contribute to a plan to double the amount of secondary raw materials processed by the fiscal year ending March 2036 by reinforcing the Naoshima Smelter & Refinery and advancing scrap material sorting technologies, thereby improving profitability through the expansion of secondary smelting, particularly E-Scrap. This will transform the business into a profit structure capable of securing stable earnings regardless of fluctuations in the copper concentrate market.

Topics

Integration of Operations into Pan Pacific Copper

The Company has started concrete considerations to integrate its operations of purchasing copper concentrates and selling copper cathode, sulfuric acid, and other by-products derived from copper concentrates into Pan Pacific Copper Co., Ltd. The aim is to strengthen its international competitiveness through bulk procurement of copper concentrates and to establish a new system that can reduce costs and maintain and improve profitability by consolidating common functions and streamlining sales operations.

History

Naoshima Smelter & Refinery (1929)Naoshima Smelter & Refinery (1929)

Naoshima Smelter & Refinery (2015)Naoshima Smelter & Refinery (2015)

PT. Smelting Gresik Copper Smelter & RefineryPT. Smelting
Gresik Copper Smelter & Refinery

The Metals Business of Mitsubishi Materials began in 1896, when the Osaka Smelter & Refinery was transferred from the Imperial Household Ministry. The Naoshima Smelter & Refinery was established in 1917, contributing to the modernization of Japan. After World War II, Mitsubishi Materials continued to grow strongly by providing basic materials essential for Japan's reconstruction and development. In 1963, Mitsubishi Materials established Onahama Smelting and Refining Co., Ltd. to operate Japan's first joint copper smelter. In 1974, operations using the Mitsubishi Process commenced at the Naoshima Smelter & Refinery, and in 1991, a new continuous copper smelting furnace -- still in operation today -- was constructed. In 1996, Mitsubishi Materials established PT Smelting and expanded into the copper smelting business in Indonesia. Currently, the Company conducts copper and precious metal smelting primarily at Naoshima, while processing a world‑class volume of E‑Scrap.

1896 Acquired the Osaka Smelter & Refinery through privatization
1917 Established the Naoshima Smelter & Refinery
1934 Acquired and commenced operation of the Hosokura Mine (currently Hosokura Metal Mining Co., Ltd.)
1953 Established the Akita Smelter
1963 Established Onahama Smelting and Refining Co., Ltd.
1974 Began operation of a continuous copper smelting furnace at the Naoshima Smelter & Refinery
1990 Closed Osaka Smelter & Refinery
1991 Constructed a new continuous copper smelting furnace at the Naoshima Smelter & Refinery
1994 Began lead recovery operations from waste batteries at Hosokura Smelting Co., Ltd. (currently Hosokura Metal Mining Co., Ltd.)
1996 Establishment of PT. Smelting
Discontinued zinc smelting operations at the Akita Smelter