Monthly Copper Market Report Jun 2020

Content
1 Market Highlights 
2 Economy and Policy 
2.1 Chinese Market 
2.2 International Market 
3 Market Movements 
3.1 Chinese Market 
3.1.1 Copper concentrate prices on the rise 
3.1.2 Copper cathode prices move up further 
3.1.3 TCs for copper rod rebound from bottom 
3.1.4 TCs for blister copper rebound from bottom
3.1.5 Copper scrap prices fluctuate up 
3.2 International Market 
3.2.1 LME copper prices up steadily 
3.2.2 LME copper inventory rises before decreasing 
4 Company News 
4.1 Ivanhoe Mines says Kakula copper mine advancing ahead of schedule 
4.2 Codelco's profit down 85% YOY in Q1 despite output increase 
4.3 Qinghai Copper completes maintenance on copper smelting equipment 
4.4 ZGR New Material ramps up copper rod production 
4.5 Hongyue Northern Copper raises copper cathode production
4.6 Zijin Mining to acquire 50.1% equity in Tibet Julong Copper 
4.7 Duobaoshan Copper: Copper concentrate production hits new high in May 
4.8 Workers at Codelco threaten work halt to quarantine against COVID-19 
4.9 Congo mining provinces impose new COVID-19 lockdowns 
4.10 Peru miners restart operations with mass testing 
4.11 Jilin Zijin Copper finishes equipment maintenance 
4.12 Fuye Heding Copper maintains copper smelting equipment 
4.13 Xinjiang Wuxin Copper keeps low operating rate for copper cathode production 
4.14 Codelco halts Chuquicamata smelter and refinery amid COVID-19 
4.15 Freeport Indonesia's Jan-May copper output below target 
5 Producers Statistics 
5.1 Chinese refined copper producers' output down by 3.07% MOM in Jun 
5.2 Chinese refined copper producers' operating rate records 77.02% in Jun 
5.3 Chinese refined copper producers' inventory down by 12.5% MOM in late Jun 
5.4 Chinese copper rod producers' output down by 6.75% MOM in Jun 
5.5 Chinese copper rod producers' operating rate records 81.73% in Jun 
5.6 Chinese copper rod producers' inventory up by 19.7% MOM in late Jun 
5.7 Chinese copper concentrate producers' output down by 4.45% MOM in Jun 
5.8 Chinese copper concentrate producers' operating rate records 80.04% in Jun 
5.9 Chinese copper concentrate producers' inventory down by 16.67% MOM in late Jun 
6 Customs Statistics 
6.1 China's refined copper imports up by 7.78% MOM in May 
6.2 China's copper concentrate imports down by 16.65% MOM in May 
6.3 Chinese copper scrap imports down by 15.87% MOM in May 
7 Relevant Industry News 
7.1 Power Industry 
8 Market Outlook for Next Month 
.Asian Metal Copyright1% equity in Tibet Julong Copper 4.Asian Metal Copyright