Major expansions expected in China this year are mostly on
track so far, with only one planned project postponed to 2018.
Metal Bulletin has learned that a total of around 300,000 tpy
of additional copper smelting capacity is going online, though
a large part of its impact will actually be felt next year. The
expansions are due to take place against a backdrop of volatile
copper concentrates supply this year; while expansions are not
expected to affect the market for copper concentrates
imminently, they could well be a factor in the negotiations for
next year’s annual benchmark. Metal
Bulletin’s copper concentrates index
was $81.80 per tonne and 81.8 cents per lb on June
30, down 1.7% from previously and...