Small and Medium Copper Mines in China Not Resume Operations Despite Copper Rallies, SMM Survey

Published: Aug 4, 2017 18:22

Save

Small and medium copper mines, those with annual capacity less than 5,000 tonnes (Cu content), have not decided to resume production, Shanghai Metals Market survey finds.

SHANGHAI, Aug. 4 (SMM) – Small and medium copper mines, those with annual capacity less than 5,000 tonnes (Cu content), have not decided to resume production, Shanghai Metals Market survey finds.

Those mines suspended production in the wake of big copper losses in 2015, and they told SMM that they would consider coming back online, if copper price is able to be well supported at 50,000 yuan per tonne.

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

copper concentrate output copper ore TC/RC

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

24 mins ago

Chinese New Year Holiday Approaches, Brass Billet Operating Rate Pulls Back MoM

[SMM Brass Billet Express] This week (February 6–February 12), the operating rate of the brass billet industry fell 6.09 percentage points MoM to 40.31%, and production activity pulled back. As the Chinese New Year holiday approached, new orders from downstream sectors cooled significantly, and enterprise production pace continued to slow down. The industry will fully enter holiday mode next week, and the operating rate is expected to drop to 0%. Attention will be paid to post-holiday work resumption and demand recovery.

24 mins ago

55 mins ago

Concentrated Holidays Ahead of Chinese New Year, Brass Billet Operating Rate Pulls Back MoM [SMM Brass Billet Market Weekly Review]

55 mins ago

1 hour ago

DRC Mines Minister: Without US Project Progress, Will Seek Other Partners

【SMM News Flash】Louis Watum Kabamba, the Minister of Mines of the Democratic Republic of the Congo, stated that if the mineral cooperation framework with the US fails to yield concrete projects, the country will seek other partners. "Everything we have done with the US is a framework under which we will discuss issues of mutual interest. That is all." "It could become a very good large project. It could also become another project in which they are not interested. We will move forward because there are many other partners to discuss with."

1 hour ago