SHANGHAI, Oct. 23 (SMM) --
China's output of refined copper was 394.8kt during September, up 20.5% YoY, and up 8.2% MoM. YTD output was 3.1 million mt, up 8.2% YoY. Refined copper output in September continued to increase significantly over August levels. Output set a record high for 2009, and was in line with a previous CBI survey that found operating rates at copper smelters grew by 8% in August and by 5% in September. According to a CBI survey in September, large copper smelters were operating almost at full capacity, and increases in scrap copper supply also helped increase operating rates at limited domestic smelters with scrap copper as raw materials.
China's output of copper semis was 869.3kt during September, up 34.3% YoY, and up 2.2% MoM. YTD output was 6.97 million mt, up 18.4% YoY. China’s output of copper semis was 2.5 million mt during 3Q, up 30.3% YoY, and this significant growth in copper semis output is helping drive up Chinese demand for copper.
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