Monthly Copper Market Report Oct 2024

Contents
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.1 China launches third batch of third round of central environmental inspections 2
3. Market Movements 2
3.1 Chinese Market 2
3.1.1 Copper concentrate 25%min TC CIF China 2
3.1.2 Chinese copper concentrate 20%min price delivered 2
3.1.Asian Metal Copyright30% MoM in Sep 2024 7 6.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 3
3.1.Asian Metal Copyright2.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 3
3.1.6 Chinese copper scrap wire 99%min price delivered 3
4. Company News 3
4.1 Zhejiang Hailiang gets approval to build copper foil project in Indonesia 3
4.2 Changzhou Yuanmei New Material increases copper rod output 3
4.3 Hongwei Copper and North Copper sign deal to tap recycled copper resources 3
4.4 Vale reports increased iron ore, copper and nickel production in Q3 4
4.5 China unearths more than 120 mineral deposits in 2023 4
4.6 China unveils new regulations on imports of recycled copper and aluminum 4
4.7 China Nonferrous Mining reports lower copper cathode production in Q1-Q3 4
4.8 McEwen Copper receives additional $35 million from Rio Tinto venture 4
5. Producers Statistics 4
5.1 Chinese refined copper producers 4
5.1.Asian Metal Copyright8 McEwen Copper receives additional $35 million from Rio Tinto venture 4 5.Asian Metal Copyright1 Chinese refined copper producers' operating rate down by 3.78% MoM in Oct 4
5.1.Asian Metal Copyright2.Asian Metal Copyright2 Chinese refined copper producers' output down by 2.63% MoM in Oct 5
5.1.Asian Metal Copyright5%min TC delivered 3 3.Asian Metal Copyright3 Chinese refined copper producers' inventory up by 6.80% MoM in Oct 5
5.2 Chinese copper rod producers 5
5.2.Asian Metal Copyright3 China's copper master alloy export volume declined 35.Asian Metal Copyright1 Chinese copper rod producers' operating rate up by 12.16% in Oct MoM 5
5.2.Asian Metal Copyright68% YoY in Sep 2024 8 7.Asian Metal Copyright2 Chinese copper rod producers' output down by 1.53% MoM in Oct 6
5.2.Asian Metal Copyright1 China's copper cathode Cu99.Asian Metal Copyright3 Chinese copper rod producers' inventory up by 0.031% MoM in Oct 6
6. Import Statistics 6
6.1 China's copper cathode (Cu<99.Asian Metal Copyright3 Hongwei Copper and North Copper sign deal to tap recycled copper resources 3 4.Asian Metal Copyright9935%) import volume increased 13.56% YoY in Sep 2024 6
6.2 China's copper rod import volume grew 40.30% MoM in Sep 2024 7
6.3 China's other unwrought copper import volume grew 68.68% YoY in Sep 2024 8
7. Export Statistics 8
7.1 China's copper cathode (Cu≥99.Asian Metal Copyright86% MoM in Sep 2024 8 7.Asian Metal Copyright9935%) export volume fell 47.86% MoM in Sep 2024 8
7.2 China's copper rod export volume decreased 43.73% MoM in Sep 2024 9
7.3 China's copper master alloy export volume declined 35.26% YoY in Sep 2024 10


.Asian Metal Copyright8 McEwen Copper receives additional $35 million from Rio Tinto venture 4 5Asian Metal Copyright