Jiangxi Copper Says Production Unaffected by China Flood-Shanghai Metals Market

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Jiangxi Copper Says Production Unaffected by China Flood

Industry News 08:59:36AM Jun 24, 2010 Source:SMM

HONG KONG June 23 (Reuters) - China's top copper producer Jiangxi Copper said on Wednesday that production at its copper mines and plants in Guixi city in flood-hit Jiangxi province was not affected by recent flooding.
 
Jiangxi Copper would maintain its output target of 900,000 tonnes of refined copper this year versus last year's output of 802,000 tonnes, company spokesman Kang Shuigen said.

He said the company's in and out shipments of raw materials and refined copper had been affected slightly for two days as road transport was stopped because of flooding. 

Transport is normal now, he added.

"The impact was just for two days as the flood did not affect rail transport," Kang said.

Jiangxi Copper buys more than half of its copper concentrates needed for refined copper production from local and overseas markets, and the bulk of copper scrap, making rail and road links important to its production of refined copper.
 

Jiangxi Copper Says Production Unaffected by China Flood

Industry News 08:59:36AM Jun 24, 2010 Source:SMM

HONG KONG June 23 (Reuters) - China's top copper producer Jiangxi Copper said on Wednesday that production at its copper mines and plants in Guixi city in flood-hit Jiangxi province was not affected by recent flooding.
 
Jiangxi Copper would maintain its output target of 900,000 tonnes of refined copper this year versus last year's output of 802,000 tonnes, company spokesman Kang Shuigen said.

He said the company's in and out shipments of raw materials and refined copper had been affected slightly for two days as road transport was stopped because of flooding. 

Transport is normal now, he added.

"The impact was just for two days as the flood did not affect rail transport," Kang said.

Jiangxi Copper buys more than half of its copper concentrates needed for refined copper production from local and overseas markets, and the bulk of copper scrap, making rail and road links important to its production of refined copper.