Copper Industry Annual Report 2018

Content
1. Market Highlights 3
2. Economy and Policy 3
2.1 Chinese Market 3
2.1.1 Import of category-7 copper scrap banned, imported of category-7 copper scrap restricted in 2019 3
2.1.2 SHFE launches copper options 3
2.1.Asian Metal Copyright2 Zambia to introduce new mining duties and increase royalties to help bring down debt in 2019 4 3.Asian Metal Copyright3 U.Asian Metal Copyright1.Asian Metal CopyrightS.-China trade war leads to higher tariff 3
2.2 International Market 4
2.2.1 Vedanta's Sterlite plant forced to shut down by local goverment 4
2.2.2 Zambia to introduce new mining duties and increase royalties to help bring down debt in 2019 4
3. Market Movements 4
3.1 Chinese Market 4
3.1.1 Copper cathode price shows downtrend 4
3.1.2 Copper concentrate price shows downtrend 4
3.1.3 TC for spot imported copper concentrate drops before rising 5
3.2 International Market 5
3.2.1 Copper cathode price fluctuates down 5
3.2.2 LME copper inventory increases before declining 6
4 Company News 6
4.1 Codelco to close two copper smelters for improvement 6
4.2 Strike avoided as agreement sealed between Escondida union and BHP 6
4.3 Jiangxi Copper and Antofagasta agree lower treatment charges for 2019 6
4.4 Reconstruction and expansion of Yulong Copper Mine to speed up 6
4.5 Four Chinese copper enterprises jointly establish nonferrous metal industry purchase union 7
5 Producers Statistics 7
5.1 Global output 7
5.1.1 Global copper concentrate output in 2018 7
5.1.2 Global refined copper output in 2018 7
5.2 Chinese output 7
5.2.1 Chinese copper concentrate output in 2018 7
5.2.2 Chinese refined copper output in 2018 7
5.2.3 Chinese copper mill products output in 2018 7
6 Customs Statistics 8
6.1 China's copper ore and concentrate imports up by 5.2% YOY in 2018 8
6.2 China's import volume of refined copper down by 6.7% YOY in 2018 9
6.3 China's import volume of copper scrap down by 39.11% YOY in 2018 10
7 Downstream Consumption 12
7.1 Real Estate 12
7.2 Automobile 12
7.3 Power 12
7.4 Home Appliance 13
8 Market Outlook for 2019 13
8.1 Demand 13
8.2 Supply 13
8.3 Copper price trend 13


Graph Content
Graph 1 Chinese copper cathode 99.99%min spot price trend from 1/2018 to 12/2018 (RMB/t) 4
Graph 2 Chinese copper concentrate 20%min price trend from 1/2018 to 12/2018 (RMB/metal ton) 5
Graph 3 TC for imported copper concentrate 25%min from 1/2018 to 12/2018 (USD/t) 5
Graph 4 3-month LME copper price trend from 1/2018 to 12/2018 (USD/t) 5
Graph 5 LME copper inventory from 1/2018 to 12/2018 (t) 6
Graph 6 China's annual refined copper output from 2010 to 2018 (KT) 7
Graph 7 China's annual copper mill products output from 2010 to 2018 (KT) 8
Graph 8 China's annual copper ore and concentrate imports from 2010 to 2018 (KT) 8
Graph 9 China's annual copper ore and concentrate imports by major source country from 2010 to 2018 (KT) 8
Graph 10 China's annual import volume of refined copper from 2010 to 2018 (KT) 9
Graph 11 China's annual import volume of refined copper by major source country from 2010-2018 (KT) 10
Graph 12 China's annual import volume of copper scrap from 2010 to 2018 (KT) 10
Graph 13 China's annual import volume of copper scrap by major source country from 2010 to 2018 (KT) 11



Table Content
Table 1 China's imports of copper ore and concentrate by source country in 2018 8
Table 2 China's imports of refined copper by source country in 2018 10
Table 3 China's imports of copper scrap by source country in 2018 11



.Asian Metal Copyright3 TC for spot imported copper concentrate drops before rising 5 3Asian Metal Copyright