[Cu] SMM Survey - Operating Rates at Copper Tube Producers Remain High in November

SHANGHAI, Dec. 2 (SMM) -- Today, mainstream offers were RMB 13,700/mt for refined manganese, and the lift in electricity prices in Guizhou province had no impact on manganese market. However, manganese producers were reluctant to move goods due to soaring costs, and intended to suspend production.
&nbsp;&nbsp;&nbsp; A manganese producer in Guizhou province said production costs increased by RMB 500-600/mt after the electricity prices were lifted during low-water period, and mainstream costs will reach RMB 14,000/mt at refined manganese producers without mines of their own, leaving no profit margins based on current market prices, so they had to halt production. According to SMM sources, most of manganese producers in Guizhou province intended to stop production after their existing raw materials were consumed.
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