News Release

JX Advanced Metals Corporation (President: Hayashi Yoichi; hereinafter "the Company") has decided to discontinue production of phosphor bronze strip in its Functional Materials business.

　

In recent years, as society becomes increasingly advanced and digitalized, and with the full-scale adoption of generative AI, the evolution of devices has been accelerating across a wide range of fields, including mobile computing, data centers, mobility, and robotics. The Company's Functional Materials business has seen increasing demand for high-performance, high value-added products as materials essential to these advancements, such as rolled copper foil and titanium copper supported by the Company's proprietary technological capabilities.

　

Meanwhile, phosphor bronze strip has long been produced and sold primarily as a material for electronic components. However, the market environment surrounding this product has remained challenging, and it is expected that conditions will be unlikely to improve significantly going forward.

　

In light of these circumstances, the Company has carefully reviewed the future direction of this business. As a result, the Company has decided to discontinue production of phosphor bronze strip as of March 2028 (with certain products to be discontinued as of March 2027), and to allocate the production capacity of the Kurami Plant (Samukawa-machi, Koza-gun, Kanagawa Prefecture), the main production base of this business, to the manufacture of high-performance, high value-added products as far as possible. Through this initiative, the Company will respond to the evolving needs of the times while further strengthening the profitability of the Functional Materials business.

　

Going forward, the JX Advanced Metals Group will continue to promote initiatives aimed at transforming into a technology-driven company, as set forth in its JX Advanced Metals Group Long-Term Vision 2040, and will contribute to the progress and innovation of society as a global leader in advanced materials.