China produced 4.03 million tonnes of refined copper during the first six months of the year, up by 7.6% year-on-year. First-half refined copper output in 2015 increased by 10.1% from the same period of 2014, according to data released by the Chinese National Bureau of Statistics (NBS) on Wednesday July 20.
Metal Bulletin view: Output during the second half of the year will rise further because there are fewer planned maintenance works; meanwhile new capacity being brought online will allow for smoother production compared with the first half. A looser raw material market is also expected to keep smelters profitable and encourage production.
Copper treatment and refining charges
Metal Bulletin view: Metal Bulletin’s Copper Concentrate Index returned to a three-digit figure by the end of the first half due to the smoothest ever production activity from mines, as well as capacity ramp-ups mainly from Peru. We saw strong destocking activities from...