SMM Price Outlook for Base Metals on SHFE (Aug. 2, 2017)

[PT Smelting Gresik Incident!] The converter at PT Smelting Gresik experienced a molten material leak accident, and repairs are expected to take at least several weeks. Affected by low anode inventory, the smelting suspension has impacted copper cathode production. Copper cathode shipments will be suspended in the coming weeks, and the plant is negotiating with clients for delayed deliveries. The plant has a copper cathode capacity of 342,000 mt/year and a smelting capacity for copper concentrates of about 1.3 million dmt/year.

In accordance with the Measures for the Administration of Delivery Warehouses of Shanghai Futures Exchange and other relevant regulations, it is hereby decided that: 1. Approve the reduction of the approved storage capacity of copper futures at the storage location of Minmetals Wuxi Logistics Park Co., Ltd. at No. 1 Tangang Road, Huishan District, Wuxi City, Jiangsu Province, from 20,000 mt to 15,000 mt; the approved storage capacity of tin futures from 2,000 mt to 1,000 mt; and the approved storage capacity of stainless steel futures from 70,000 mt to 60,000 mt. 2. Approve the storage location of Minmetals Wuxi Logistics Park Co., Ltd. at No. 8 Xinsha Road, Machong Town, Dongguan City, Guangdong Province, to become a delivery warehouse storage location for copper futures, with an approved storage capacity of 5,000 mt and no regional premium. All relevant entities shall attach great importance and effectively carry out all tasks to ensure the normal and orderly progress of delivery operations. Hereby announce. Shanghai Futures Exchange August 10, 2026

Sunlite Recycling reported 5,743 tonnes of copper recycling sales volume in Q1 FY27, up 15.43% YoY, while copper-segment revenue increased 72.91%. The company is also progressing a ₹370 million capex program that will raise its copper wire rod capacity to 45,000 t/y by Q1 FY28.