Global Copper Concentrate Output to Peak in 2019 - Wood Mackenzie

Commerzbank said on Thursday December 2 that it expects that by the end of next year, the copper prices should be trading around $9,500/mt.

The copper prices surged again after the National Day holiday. The US dollar index fell below 94 from a high of 94.5. The US crude oil prices have jumped to $82/barrel after rising for more than one month, driving a rally in the global industrial product prices. The global copper inventories are at a historical low. The LME copper cash-to-three-month backwardation expanded rapidly to $257/mt after breaking through $100/mt, setting a new high since 2007. LME copper exceed $10,000/mt to a high of $10,300/mt, with a weekly increase of 9.25%.

Tongling Nonferrous Metals Group’s copper output fell in 2016 because of lower ore grade and cut in cathode copper production, according to the company’s annual report.

The strike at BHP Billiton’s Escondida Mine will end this Saturday, wallstreetcn.com reported.

Net profit at 12 major Chinese copper smelters, attributable to shareholders, all fell during the first half of 2016, except two companies, according to their half-year financial reports.

Net profit at 12 major Chinese copper smelters, attributable to shareholders, all fell during the first half of 2016, except two companies, according to their half-year financial reports.

SHFE 1606 copper will trade in a tight range of RMB 35,750-36,100/mt on Tuesday.

Jiangxi Copper Co. began design work recently to increase 10,000 tonne per day ore beneficiation capacity at its Chengmenshan copper mine.

Copper mining companies both in China and world faced tough time in 2015 as copper prices tumbled. What’s the outlook for copper ore supply in 2016?

The London Metal Exchange (LME) three-month copper prices jumped higher to hit the highest level in more than three months.