[SMM Price] 3 April 2020 Copper Wire Price

[Latest GACC data] In July 2026, China imported 177,400 mt in physical content of copper scrap and shredded copper scrap. Of this, 112,800 mt was imported through Ningbo Customs, ranking first with a share of 63.58%; 17,000 mt was imported through Shenzhen Customs, ranking second with a share of 9.59%. (HS code: 74040000)

Mongolian Stock Exchange data show that Erdenet Mining Corporation auctioned 14 lots totaling 499.408 tonnes of molybdenum concentrate under a forward contract on September 24. The material contained at least 44% molybdenum. Three bidders lifted the price from $28,504.17 to $34,754.17 per product tonne, a 21.93% premium, taking the total contract value to $17.36 million. Based on the minimum 44% grade, SMM calculates an equivalent of about $35.83/lb Mo, although the actual figure depends on final assay and is not directly comparable with molybdenum oxide spot prices. The auction price was 2.9% above the September 10 result.