Monthly Copper Market Report Dec 2024

Contents
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.Asian Metal Copyright2 Chinese refined copper producers' output up by 2.Asian Metal Copyright1 China's copper cathode production up 4.6% in Jan-Nov 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 Copyright2 Chinese copper concentrate 20%min price delivered 2 3.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.Asian Metal Copyright3 China's copper master alloy export volume increased 223.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 Battery Mineral Resources delivers copper concentrates produced at mineral processing facility at Punitaqui, Chile 3
4.2 Jiayuan Technology to sign long-term copper cathode purchase deals 3
4.3 Taseko announces 2024 production results and expects production increase at Gibraltar mine in 2025 3
4.4 Arizona Sonoran announces C$19.9 million strategic private placement with Hudbay 3
4.5 Zhangjiagang Alliance Copper reduces copper cathode output 4
5. Producers Statistics 4
5.1 Chinese refined copper producers 4
5.1.Asian Metal Copyright1 China's copper cathode production up 4.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 2.38% MoM in Dec 4
5.1.Asian Metal Copyright1 Economy and Policy 2 2.Asian Metal Copyright2 Chinese refined copper producers' output up by 2.73% MoM in Dec 4
5.1.Asian Metal Copyright1.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 3.68% MoM in Dec 4
5.2 Chinese copper rod producers 5
5.2.Asian Metal Copyright Import Statistics 6 6.Asian Metal Copyright1 Chinese copper rod producers' operating rate up by 2.43% in Dec MoM 5
5.2.Asian Metal Copyright5%min TC delivered 3 3.Asian Metal Copyright2 Chinese copper rod producers' output up by 2.43% MoM in Dec 5
5.2.Asian Metal Copyright88% MoM in Dec 5 6.Asian Metal Copyright3 Chinese copper rod producers' inventory up by 7.88% MoM in Dec 5
6. Import Statistics 6
6.1 China's copper cathode (Cu<99.Asian Metal Copyright1.Asian Metal Copyright9935%) import volume rose 99.56% YoY in Nov 2024 6
6.2 China's copper rod import volume rose 51.23% YoY in Nov 2024 6
6.3 China's copper bar import volume decreased 89.53% YoY in Nov 2024 7
7. Export Statistics 7
7.1 China's copper cathode (Cu≥99.Asian Metal Copyright Market Highlights 2 2.Asian Metal Copyright9935%) export volume decreased 30.67% YoY in Nov 2024 7
7.2 China's copper rod export volume increased 53.04% MoM in Oct 2024 8
7.3 China's copper master alloy export volume increased 223.60% YoY in Nov 2024 9




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