According to SMM statistics, copper semis output in March stood at 1.84 million mt. The cumulative output from January to March was 4.49 million mt, an increase of 2.48% year-on-year due to a low base in the same period last year. Operating rates at copper semis producers stood at 73.03% in March, an increase of 20.73 percentage points from the previous month, compared to an expected rise of 3.65 percentage points, and an increase of 8.82 percentage points year on year.
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