Latest news on China Copper Concentrates markets

Release of copper concentrate hidden inventories increase supply

Copper concentrate spot TC at $87.2/dmt as of Oct 28, 2022. Smelters show weak spot demand. Explore key insights on copper market trends with Mysteel.

Copper concentrate benchmark expects to reach above $90/dmt in 2023

Entering the fourth quarter, the 2023 copper concentrate long-term contract negotiation gradually started, and the representatives of China's head smelters will also negotiate with overseas miners to finalize the benchmark of the 2023 copper concentrate long-term contract TC.   Several large smelter

Copper Mountain: Mineral reserves reach 1.1 billion tonnes

Copper Mountain Mining Corporation has announced its latest mineral resources and reserves estimates for its 75% stake in a copper mine in southern British Columbia. Based on the new reserves, the company also provided a revised mine life plan to expand production from 45,000 tonnes/day to 65,000 to

Rio Tinto: Approves USD 55mn investment in Kennecott copper mining business

Rio Tinto will invest $55 million to start underground mining and expand production at the Kennecott copper mine in Utah, USA.   The company said the action will increase copper production by 30,000 tonnes from early 2023 to 2027, in addition to open-pit mining at the mine. The open-pit copper mine

Anglo American: Cuts production and raises costs at Quellaveco and Chilean mines

On Monday, Anglo American announced that it had begun commercial operations at the Quellaveco project in Peru, but lowered the project's 2022 production guidance from the previous 100,000-150,000 tonnes to 80,000-100,000 tonnes. The mine will produce an average of 300,000 tonnes of copper equivalent

CSPT sets 2022 Q4 copper concentrate spot TC guidance at USD 93/dmt

On September 27 2022, CSPT set fourth quarter copper concentrate spot TC guidance at USD 93/dmt. Guidance for the third quarter was USD 80/dmt. Mysteel clean concentrate TC was USD 84.3/dmt on September 26. Spot market demand continued to be weak in fourth quarter due to sufficient raw material inve

Sierra Metals: Suspension of 2022 production and financial guidance for locked-off mines in Peru

According to Sierra Metals, a group of residents from the Peruvian town of Alis blocked access to the company's flagship copper mine, Yauricocha. Production at the copper mine has been halted for more than a week.   The company did not specify why community members blocked access to the mine, but sp

Antofagasta: The Los Pelambres union urges workers to support strike action

Chile's Los Pelambres copper miners, owned by Antofagasta, rejected the company's recently proposed contract and launched a strike threat.   Los Pelambres' board of supervisors said in a media statement that while the company's proposal seemed attractive at first glance, it did not include all the d

Kaz Minerals 2022 Q2 copper production increases 0.1% YoY

Kaz Minerals' total copper production in the second quarter of 2022 was 90,000 tonnes, up 0.1% year-on-year and 15.5% sequentially.   Aktogay copper mine in Kazakhstan (100%) Total Aktogay copper production in Q2 2022 was 53,500 tonnes. Among them, the output of copper concentrate was 47,200 tonnes,

Customs: Strong copper import in Aug

Gain key insights into China's robust copper imports in August with customs data charts.