{
  "id": 19134452,
  "title": "JX Metals raises full-year guidance on AI demand, copper prices",
  "url": "https://urgent.news/2026/11/09/jx-metals-raises-full-year-guidance-on-ai-demand-copper-prices",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-09T10:07:10.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/jx-metals-raises-fullyear-guidance-on-ai-demand-copper-prices-93CH-5011037"
  },
  "original_language": "en",
  "account": "JX Metals, a major player in the metals and mining industry, recently reported its second-quarter results for the fiscal year ending March 2027. Operating profit for the quarter soared to ¥69.4 billion, a significant 73% rise compared to the same period a year earlier, exceeding market expectations by 3.5%. This impressive performance can be attributed to several factors: heightened demand for AI-related products in the company's Semiconductor and ICT Materials division, a surge in copper prices, and the favorable impact of a weaker yen.\n\nFollowing the strong quarterly results, JX Metals has raised its full-year operating profit forecast to ¥255 billion from the initial estimate of ¥232 billion. This represents a notable 46% increase year-over-year. However, it is worth noting that this revised guidance falls short of the analyst consensus estimate of ¥267.9 billion.\n\nThe company cited lower mine and smelter output as factors that constrained the extent of its upward revision to the full-year profit forecast. Additionally, JX Metals adjusted its copper price assumption to $13,650 per ton, which is lower than the previously estimated $14,600 per ton.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}