Rio Tinto slows Mongolian copper concentrate exports to China

Published: Feb 14, 2020 12:01

Source: SMM compilation

Save

SMM2, March 14: recently, Rio Tinto said that in order to control the spread of the epidemic, Mongolia and China border copper concentrate delivery progress slowed down.

Rio Tinto is the operator of the (Oyu Tolgoi) copper and gold mine project in Oyu Tolgoi, Mongolia.

In addition, as a result of the outbreak, Mongolia has suspended coal exports to China from February 10, a rule that will last until March 2, according to two people familiar with the matter. On February 8, two cases of new crown epidemic occurred in Bayannur City, Inner Mongolia, bordering Mongolia in the north.

"Click to sign up for the 15th China International Bronze Summit in 2020.

Details of the scan consultation Summit / Application to join the SMM Metal Exchange Group, please indicate the company + name + main business

Rio Tinto Copper concentrate Import and Export Mongolia

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

21 hours ago

Copper's Strategic Role in AI Era Sparks Debate on US Import Tariffs Ahead of Key Report Deadline

Copper is an irreplaceable material for power generation and has become a strategic resource in the AI era. A critical period is now approaching: the US Department of Commerce must submit a latest copper market assessment report by June 30, recommending whether the US should impose import tariffs on copper cathode.

21 hours ago

Shipping Prices Surge Due to Geopolitical Disruptions and Increased Global Demand

The current surge in shipping prices is mainly driven by rising shipping costs due to Middle East geopolitical disruptions, sustained restocking demand fueled by finer global division of labor and geopolitical risk aversion, and the concentrated release of stockpiling demand outside China, as Europe and the US kick off their H2 stock-up-in-advance cycle for the peak consumption season. The sharp increase in cargo volume has rapidly tightened the supply-demand balance for shipping capacity. However, the trend of shipping prices in H2 remains unclear.

21 hours ago

Victory Precision Updates on Magnetron Sputtering Systems, Electroplating Lines, and Composite Copper Foil Project

Victory Precision stated on its interactive platform on June 5 that at the current stage, the company has three magnetron sputtering systems and three electroplating lines, with a new electroplating line being installed and commissioned. The composite copper foil project is still in the stages of process optimization, sample testing, and mass production preparation. The company has achieved small-batch supply earlier but has not yet secured large-volume orders. The company will advance its investment based on its own project progress, actual market demand, and the overall progress of the industry.

21 hours ago