Copper Industry Annual Report 2024

Content

1. Definition, Type, Distribution, Application 3
1.1 Definition 3
1.2 Type 3
1.3 Distribution 3
1.4 Application 4
2. Economy and Policy 4
2.1 China vows to boost construction of basic mining infrastructure 4
2.2 China vows to boost construction of basic mining infrastructure 4
2.3 China vows to boost construction of basic mining infrastructure 4
2.4 China's Jan-Feb copper cathode output up by 10.7% YoY 4
2.5 China's Jan-Apr production of ten nonferrous metals up by 7.1% YoY 5
2.6 China launches third batch of third round of central environmental inspections 5
3. Market Movements 5
3.1 Copper cathode 99.99%min delivered in China 5
3.2 Copper Concentrate 20%min delivered in China 6
3.3 Copper concentrate 25%min TCs CIF China 7
3.4 Copper rod Ф8mm TCs China EXW 8
3.5 Blister copper 98.5%min TCs delivered in China 9
3.6 Copper scrap 99%min delivered in China 9
4. Company News 10
4.1 Jinlong Copper decreases copper cathode output 10
4.2 Daye Nonferrous Metals increases copper cathode output 11
4.3 Dongguan Huaxin stops copper rod production 11
4.4 Henan Yuguang increases copper cathode output 11
4.5 First Quantum's copper production declines in 2023 11
4.6 Jinlong Copper decreases copper cathode output 11
4.7 Minmetals Copper (Hunan) to conduct equipment maintenance 11
4.8 Glencore reports declined copper-nickel-cobalt output in 2023 11
4.9 Sierra Metals obtains operating permit for Yauricocha copper mine 11
4.10 Dundee sells Tsumeb copper smelter in Namibia to Sinomine 11
4.11 Tianjin Dawufeng resumes copper rod production 12
4.12 Henan expects nonferrous industry to peak carbon emissions by 2030 12
4.13 Yunnan Copper's annual copper cathode production hits record high 12
4.14 Hudbay updates copper output outlook over next three years 12
4.15 Anglo American rejects BHP's third takeover proposal 12
4.16 Xinchang Copper further cuts copper rod production 12
4.17 Jiangrun Copper further cuts copper rod output 13
4.18 Alara dispatches first copper concentrate from Wash-hi Majaza mine to China 13
4.19 Glencore boosts investment in Stillwater West nickel project 13
4.20 Ironbark acquires stake in two copper projects in Queensland 13
4.21 KAZ Minerals posts decline in Q1 copper production 13
4.22 Ero Copper's Tucuma mine set for production in early Q3 13
4.23 Anglo Asian inks copper concentrate supply prepayment deal with Trafigura 13
4.24 Palamina to buy Aurania's subsidiary to expand copper assets in Peru 13
4.25 Luoyang Copper Processing gets approval to build copper plate project 13
4.26 Guizhou's latest round of mineral exploration achieves significant results 14
4.27 Zhejiang Hailiang gets approval to build copper foil project in Indonesia 14
4.28 Changzhou Yuanmei New Material increases copper rod output 14
4.29 Hongwei Copper and North Copper sign deal to tap recycled copper resources 14
4.30 Vale reports increased iron ore, copper and nickel production in Q3 14
4.31 China unearths more than 120 mineral deposits in 2023 14
4.32 China unveils new regulations on imports of recycled copper and aluminum 14
4.33 China Nonferrous Mining reports lower copper cathode production in Q1-Q3 15
4.34 McEwen Copper receives additional $35 million from Rio Tinto venture 15
4.35 Capstone Copper expects to reach lower end of 2024 production guidance 15
4.36 Huaxi Nonferrous reports strong Q3 production results 15
4.37 JCC Guoxing halts copper cathode production 15
4.38 Zijin Mining acquires La Arena gold-copper project in Peru 15
4.39 Western Copper Material raises copper cathode output 15
4.40 Xinjiang Huixiang Yongjin resumes copper concentrate production 16
4.41 Xinhui Copper halts blister copper production 16
4.42 Chifeng Fubang Copper resumes blister copper production 16
4.43 China's Jan-Oct production of ten nonferrous metals up 4.7% 16
4.44 Abitibi Metals announces increase in copper-zinc resources 16
4.45 China unveils measures to expand imports of recycled resources 16
4.46 Huixiang Yongjin Mining halts copper concentrate production 16
5. Producers Statistics 16
5.1 Chinese refined copper producers 16
5.2 Chinese copper rod producers 18
6 Customs Statistics 19
6.1 China's copper ore and concentrate imports up 2.08% YOY in 2024 19
6.2 China's refined copper imports up by 49.83% YOY in 2024 20
6.3 China's copper scrap imports up by 13.25% YOY in 2024 20
6.4 China's blister copper imports down by 10.57% YOY in 2024 21
7. Supply and Demand Outlook 21
7.1 Copper concentrate 25%min CIF China 21
7.2 Copper concentrate 20%min delivered 21
7.3 Copper cathode 99.99%min delivered 21
7.4 Copper rod Ф8mm EXW 22
7.5 Blister copper 98.5%min delivered 22
7.6 Copper scrap wire 99%min delivered 22


.Asian Metal Copyright14 Hudbay updates copper output outlook over next three years 12 4Asian Metal Copyright