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China Copper Output in 2019 Surges to 8.94 Million Tonnes

Metal News - Published on Thu, 09 Jan 2020

Image Source: Copper China
China’s production of copper cathode rose in December for a third straight month, as newly-commissioned projects such as Yunnan Copper’s phase two in Chifeng and Zijin Mining’s smelter in Heilongjiang ramped up. The gain in output, however, was limited by curtailments at some fund-strapped smelters. China produced 805,500 tonnes of copper cathode last month, up 0.83% from November and 5.77% from December 2018. Production for 2019 came in at 8.94 million tonnes, up 2.41% from 2018.

In December, copper output produced from copper scrap increased as scrap discounts against refined material widened after copper prices rallied. Refining charges for blister copper rose from November as increased seaborne supply eased shortages domestically.

China’s copper cathode production is estimated to slip to 734,900 tonnes in January, as cash flow issues and environmental restrictions lead to production reduction at some smelters. January’s output will dip 0.18% from a year ago.

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Posted By : Yogender Pancholi on Thu, 09 Jan 2020
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