China copper market absorbs Baiyin Nonferrous smelter suspension - sources

North China copper smelter Baiyin Nonferrous Group’s one-month shutdown in July has had limited impact on copper concentrates and outright copper prices in China, market sources told Fastmarkets.

Baiyin Nonferrous Group will restart its 200,000-tonne-per-year smelter by the end of July after the facility was suspended in late June to complete a flash furnace upgrade, market sources told Fastmarkets. The temporary shutdown at the smelter will remove 12,000 tonnes of refined copper output, Fastmarkets understands. Baiyin’s annual refined copper capacity of 200,000 tpy accounts for 2% of total Chinese refined copper output. In 2018, China produced 8.73 million tonnes of refined copper, with Baiyin contributing 175,600 tonnes. “Baiyin...

Published

Ellie Wang

July 19, 2019

12:34 GMT

Shanghai