Japan officially implements new export control regulations on high-end machine tools

Chile's Caserones copper-molybdenum mine was previously affected by extreme winter weather, experiencing two winter storms that disrupted power supply and site access, causing an actual impact on mine production. The impact of this event has now carried over from a short-term operational disruption into full-year output expectations: Lundin Mining subsequently lowered its full-year copper production guidance for Caserones from the original 130,000–140,000 tonnes to 120,000–130,000 tonnes. By-product molybdenum output is expected to come under pressure in tandem, though a specific molybdenum production guidance figure has not yet been separately disclosed.

European APT prices remain stuck near $3,000/mtu, with the domestic-overseas spread widening to about $2,000/mtu. The core bottleneck lies in limited APT smelting capacity and scarce spot liquidity, as rising mine output has yet to translate into available APT supply. In China, APT prices softened to RMB 590,000–600,000/mt amid weak supply and demand.

[W Quick News] SMM, September 4: A mine in Yunnan auctioned 60 mt of scheelite concentrates with a grade of 50% on September 3, with a final transaction price of 6,240 yuan/mtu, equivalent to 405,600 yuan/standard tonne (65% WO3 basis).