China Copper Cathode Output Grows in February but to Fall in March, SMM Says

Published: Mar 9, 2017 11:26

Save

China’s copper cathode output was 634,500 tonnes in February, up 0.55% on the month and 2.67% year-on-year, SMM reported. Output totaled 1.27 million tonnes during January-February, a rise of 3.48% ye

SHANGHAI, Mar. 9 (SMM) - China’s copper cathode output was 634,500 tonnes in February, up 0.55% on the month and 2.67% year-on-year, SMM reported. Output totaled 1.27 million tonnes during January-February, a rise of 3.48% year-on-year.

Real output in February is higher than the 627,000 tonnes expected because Yunnan Copper’s output returned to normal level after maintenance, SMM said.

Copper production is expected to fall in March, SMM predicts. Fangyuan Nonferrous Metals, Yuguang Gold & Lead and Jinguan Copper Corporation have maintenance plans. Zhangjiagang United Copper will replace electrolytic cell. This will affect 51,500 tonnes of output at these smelters during February-April.

Copper cathode production may drop 1.09% year-on-year to 638,000 tonnes in March, SMM said, with output growth during the first three months of the year slowing to 1.9%.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

copper cathode output copper

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Chile's Water Crisis Threatens Atacama's Copper and Lithium Mining Amid 14-Year Drought

Chile’s most pressing crisis at present is the issue of water resources. The Atacama Desert in Chile is one of the driest regions in the world and also the core area for copper and lithium ore extraction. The local area has experienced a drought for as long as 14 years, and reservoir storage has fallen to only about 30%. For miners, water resources are not a secondary issue, but an indispensable key production factor in such processes as ore processing, dust suppression, and equipment cooling. The decline in ore grade has further exacerbated the predicament

5 hours ago

Trump Adjusts Metal Tariffs, Applies 50% Rate to Consumer Prices Under Section 232, Details Unclear

US President Trump adjusted the national security tariffs on imports of steel, aluminum, and copper, lowering the tariff rates on derivative products made from these metals, streamlining compliance procedures, and preventing the declared value of imports from being understated.A senior Trump administration official said that, under a proclamation signed by Trump, the US would continue to maintain a 50% import tariff on imports of metal commodities such as steel, aluminum, and copper pursuant to Section 232 of the Trade Act of 1974, but would apply this rate to the price paid by US consumers. It is currently unclear how the selling price—and the resulting tariffs—would be determined.

5 hours ago

Barrick Confirms 2028 Production Target for Reko Diq Copper-Gold Project in Pakistan Despite Budget Concerns

Barrick Mining said that its Reko Diq copper-gold project in Pakistan still plans to achieve first production by the end of 2028.The project is a large-scale copper-gold project jointly developed by Barrick, the Pakistani government, and relevant joint venture partners, and is located in Balochistan, Pakistan. Although the company had previously warned that the capital budget previously disclosed for the project's two phases could face a significant increase, the 2028 production commencement target remained unchanged.

5 hours ago