Dear SMM member customers, there were previous market rumors claiming that "LS MnM's Onsan copper smelter in South Korea has suffered a 40,000-ton passive reduction in electrolytic copper production this year due to the shortage of Panama and Gresberg copper concentrate supply." After verification, this news is an untrue report, and currently, the production and operation of LS MnM's copper smelter are both operating normally. LS MnM hereby entrusts us, SMM, to make a solemn statement:
1. LS MnM does not plan to reduce the output of electrolytic copper.
2. LS MnM does not have any issues with copper concentrate procurement.
Initial investigations show that the original source of the news is unclear and lacks reliable data support. For market participants and the public, we recommend paying attention to official or verified information sources and handling unconfirmed news with caution to avoid unnecessary misunderstandings or losses caused by rumors or untrue reports.

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