Resource Nationalism and Supply Chain Disruption Risk
First written in FY2025. 1 of 3 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-05-11.
JX Advanced Metals moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Worsened".
- 2026-05-11WorsenedRevision to earnings forecasts
「In the Metals and Recycling Business, given the significant deterioration in current copper concentrate purchasing terms, we are considering implementing production cuts at the smelters operated by the Group.」
The disclosure described a deterioration in supply-chain risk that had already emerged through worsening copper concentrate purchasing terms. - FY2026-H1MaterialisedAnnual report
「In the Metals and Recycling Business, given the significant deterioration in current copper concentrate purchasing terms, we are considering implementing production cuts at the smelters operated by the Group.」
Procurement conditions for raw materials have in fact deteriorated, leading to consideration of production cuts at the smelters. - FY2025First statedAnnual report
「Moves are under way to make strategic materials of resources, including through the introduction by resource-rich countries of royalty taxes and value-added policies, a phenomenon known as resource nationalism, as well as issues involving conflict minerals and efforts by countries with demand to secure recycled materials. Further progress in these developments could make it more difficult to procure raw materials.」
Supply chain risks cited include mines in South America, procurement of raw materials from around the world, and efforts to secure recycled materials.