Japan’s Pan Pacific Copper (PPC) said in a statement that it will stick to its plan to cut production due to the shortage of raw material.

The company planned to cut output by 7 percent for the period from this April, to March 2010. The company is facing problems in its efforts to resume full production, as it can only produce 600,000 tons of copper per year, of which 33 percent is slated for export.

LME copper price was supported on Monday’s reported reduction of stocks by 200 tons to 345,225 tons, the result of the mill’s having cut production. In addition, Kazakhmys PLC also said that copper output may drop by 9.6 percent this year.