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Sumitomo Metal Mining raised its full-year net profit forecast by 89% to 140 billion yen ($893 million) due to increased copper and gold prices. The company also revised its shareholder policy, targeting a 55% equity ratio and raising its dividend forecast to 183 yen per share. Negotiations for treatment and refining charges (TC/RCs) with global miners are ongoing, as the company seeks terms above China's benchmark.