Monthly Copper Market Report Jan 2022

Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 MEE calls for orderly promotion of green and low-carbon development in 2022 1
2.2 MEE: Temporary control on enterprises of heavy pollution and large emission during Winter Olympics 1
MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 1
3 Market Movements 1
3.1 Chinese Market 1
3.1.1 Copper concentrate 25%min TC CIF China 1
3.1.2 Chinese copper concentrate 20%min price delivered 1
3.1.Asian Metal Copyright3 Henan Shengshi Xinxin Copper decreases copper rod output 3 4.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.Asian Metal Copyright3 Chinese copper rod producers' inventory up by 5.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 2
3.1.6 Chinese copper scrap wire 99%min price delivered 2
4 Company News 3
4.1 Carnaby Resources reports high-grade copper discovery at Greater Duchess Cu-Au Project 3
4.2 Xinjiang Xinxin Mining's stocks for copper cathode increases 3
4.3 Henan Shengshi Xinxin Copper decreases copper rod output 3
4.4 Henan Qixing Copper reduces output for copper rod 3
4.5 Xinjiang Huixiang Yongjin Mining suspends copper concentrate production 3
4.6 Changzhou Yuanmei New Material reduces copper rod output 3
4.7 Anglo American's copper production down by 4% YOY in Q4 2021 4
5 Producers Statistics 4
5.1 Chinese refined copper producers 4
5.1.Asian Metal Copyright2 Xinjiang Xinxin Mining's stocks for copper cathode increases 3 4.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 2.2% MoM in Jan 4
5.1.Asian Metal Copyright04% MoM in late Jan 7 6 Customs Statistics 7 6.Asian Metal Copyright2 Chinese refined copper producers' output up by 2.76% MoM in Jan 4
5.1.Asian Metal Copyright3.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 11.2% MoM in Jan 5
5.2 Chinese copper rod producers 5
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 6.78% in Jan MoM 5
5.2.Asian Metal Copyright3 Chinese copper concentrate producers' inventory down by 9.Asian Metal Copyright2 Chinese copper rod producers' output down by 10.36% MoM in Jan 5
5.2.Asian Metal Copyright2 Chinese copper rod producers' output down by 10.Asian Metal Copyright3 Chinese copper rod producers' inventory up by 5.32% MoM in Jan 6
5.3 Chinese copper concentrate producers 6
5.3.Asian Metal Copyright3 Codelco extends Andina copper mine life for further 30 years 10 8 Market Outlook for Next Month 10 .Asian Metal Copyright1 Chinese copper concentrate producers' operating rate down by 4.8% MoM in Jan 6
5.3.Asian Metal Copyright2 Chinese copper concentrate producers' output down by 6.Asian Metal Copyright2 Chinese copper concentrate producers' output down by 6.01% MoM in Jan 7
5.3.Asian Metal Copyright32% MoM in Jan 6 5.Asian Metal Copyright3 Chinese copper concentrate producers' inventory down by 9.04% MoM in late Jan 7
6 Customs Statistics 7
6.1 China's copper cathode (Cu<99.Asian Metal Copyright4 Henan Qixing Copper reduces output for copper rod 3 4.Asian Metal Copyright9935%) import volume increased 32.07% YoY in Dec 2021 7
6.2 China's copper scrap import volume increased 38.45% YoY in Dec 2021 8
6.3 China's copper rod export volume fell 36.77% MoM in Dec 2021 9
7 Relevant Industry News 9
7.1 MMG: Las Bambas mine to resume copper production after Peru deal 9
7.2 Chaohua Tech approved to establish high-performance copper foil regional innovation center in Guangdong 10
7.3 Codelco extends Andina copper mine life for further 30 years 10
8 Market Outlook for Next Month 10


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