JX Metals raised its consolidated earnings forecast for the fiscal year ending March 2027 on an IFRS basis. The revision was reportedly driven by higher copper prices and increased demand for semiconductor components related to AI data centers.
JX Metals raised its consolidated earnings forecast for the fiscal year ending March 2027. Reports said that the outlook for revenue and each profit figure had been raised, updating the figures on an International Financial Reporting Standards basis.
The rise in copper prices was cited as a factor behind the revision, with demand for copper-based materials reportedly providing an additional boost. Developments in the copper market were said to have affected the company’s earnings outlook.
At the same time, demand for semiconductor components related to artificial intelligence data centers was also reported to be exceeding expectations, prompting views that conditions in the electrical equipment and components markets are expected to improve.