China's July Copper Cathode Output Drops 1.59% MoM, Faces Scrap Anode Shortage and Smelter Maintenance
[SMM Copper Cathode Production] China's copper cathode production in July recorded 1.1268 million mt, down 1.59% MoM; cumulatively, Jan–Jul production was 8.148 million mt, up 4.9% YoY, with cumulative growth of 381,000 mt. July production was 39,200 mt lower than the projected 1.166 million mt, mainly due to procurement difficulties for scrap anode plates and concentrated maintenance at smelters.