Latest news with #refinedcopper
Bloomberg
19-06-2025
- Business
- Bloomberg
JX Advanced Metals to Cut Copper Output and Boost Recycling
Planned cuts to refined copper production at JX Advanced Metals Corp. will run to the tens of thousands of tons, a spokesperson for the Japanese company said Thursday, declining to give a more precise number. JX said on Tuesday it's considering reducing output due to tight supplies of concentrate, the feedstock for the refined metal. The company owns 48% of Pan Pacific Copper Co., the biggest producer in Japan with total annual refined copper capacity of 650,000 tons.
Bloomberg
19-06-2025
- Business
- Bloomberg
China Copper Smelters Match Record as Foreign Rivals Falter
Chinese copper production stayed at record levels last month, despite a plunge in the fees charged by smelters, piling the pressure on operations elsewhere in the world that compete for feedstock. Output of refined copper matched the previous month's all-time high of 1.254 million tons, although there was an extra day in May. That pushed volumes over the first five months 8% above last year's level, even as spot treatment charges have turned deeply negative as too much capacity chases insufficient supplies of ore.
Bloomberg
12-05-2025
- Business
- Bloomberg
China's Record Copper Ore Imports Offer Relief Amid Shortage
Chinese copper concentrate imports climbed to nearly 3 million tons last month, a record that's likely to ease price pressures in the domestic market and offer relief to smelters fighting over the availability of feedstock. Spot treatment charges at global smelters are deeply in the red, an unprecedented collapse caused by a rapid expansion in capacity colliding with a global shortage of ore. The heaviest concentration of plants is in China, where output of refined copper has hit all-time highs despite pledges to rein in production to rescue margins.
