Jinlong Copper Recycling Rate Hit Record in First Half, Production Tops Target

Published: Jul 13, 2017 10:40 (GMT+8)
Jinlong Copper Industry Co. performed well in production in the first half of 2017, which is a subsidiary of Tongling Nonferrous Metals Group Co.

SHANGHAI, Jul. 13 (SMM) - Jinlong Copper Industry Co. performed well in production in the first half of 2017, which is a subsidiary of Tongling Nonferrous Metals Group Co.

Citibank’s Bold Copper Price Forecast for 2017-2020

Its copper cathode, copper anode and sulfuric acid output was 3,500 tonnes, 6,900 tonnes and 16,000 tonnes above target, respectively. Copper concentrate production was 13,000 tonnes above target.

Guangxi’s Qinzhou for the First Time Returns Fake Copper Concentrate Shipments to Malaysia

Its copper smelting recycling rate was 98.56%, the highest in record.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

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 for 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
Tight supply and sellers holding back from selling; spot copper in North China at high premium [SMM North China spot copper]
2 hours ago
Tight supply and sellers holding back from selling; spot copper in North China at high premium [SMM North China spot copper]
Read More
Tight supply and sellers holding back from selling; spot copper in North China at high premium [SMM North China spot copper]
Tight supply and sellers holding back from selling; spot copper in North China at high premium [SMM North China spot copper]
Spot copper in North China was quoted at premiums of 980-1,120 yuan/mt against the front-month contract today, with an average premium of 1,050 yuan/mt, up 430 yuan/mt from the previous trading day. The average transaction price was 112,410 yuan/mt, up 1,805 yuan/mt from the previous trading day.
2 hours ago
Copper prices surged and spot premiums rose in tandem, but downstream purchases remained active [SMM South China spot copper]
2 hours ago
Copper prices surged and spot premiums rose in tandem, but downstream purchases remained active [SMM South China spot copper]
Read More
Copper prices surged and spot premiums rose in tandem, but downstream purchases remained active [SMM South China spot copper]
Copper prices surged and spot premiums rose in tandem, but downstream purchases remained active [SMM South China spot copper]
2 hours ago
Codelco extends restructuring plan to end of 2026
3 hours ago
Codelco extends restructuring plan to end of 2026
Read More
Codelco extends restructuring plan to end of 2026
Codelco extends restructuring plan to end of 2026
Codelco, Chile's state copper giant, extended preparation of its recovery and restructuring plan from October to the end of 2026. New chief executive Jorge Gomez, who took office in July, is driving the overhaul, which may involve cutting 5% to 20% of jobs across a workforce of about 77,000, some 80% of them outsourced. Chairman Maximo Pacheco said output will hold at roughly 1.3 million tonnes a year over the coming years, below the previous 1.7 million tonne target, underscoring the drag from declining ore grades at ageing mines and constrained capital.
3 hours ago