Monthly Copper Market Report Sep 2023

Content
1 Market Highlights 1
2 Economy and Policy 1
2.1 China's production of ten nonferrous metals up by 7% YoY in Jan-Jul 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 Copyright5% min in Chinese market from 01092023 to 30092023 RMBt 2 Graph 6 Chinese copper scrap wire 99%min price trend from 01092023 to 30092023 RMBt 2 Graph 7 Chinese refined copper producers' operating rate by month from 01092023 to 30092023 % 3 Graph 8 Chinese refined copper producers' operating rate by region by month from 01092023 to 30092023 % 3 Graph 9 Chinese refined copper producers' output by month from 01092023 to 30092023 tonne 4 Graph 10 Chinese refined copper producers' output by region by month from 01092023 to 30092023 tonne 4 Graph 11 Chinese refined copper producers' inventory by month from 01092023 to 30092023 tonne 4 Graph 12 Chinese refined copper producers' inventory by region by month from 01092023 to 30092023 tonne 4 Graph 13 Chinese copper rod producers' operating rate by month from 01092023 to 30092023 % 4 Graph 14 Chinese copper rod producers' operating rate by region by month from 01092023 to 30092023 % 5 Graph 15 Chinese copper rod producers' output by month from 01092023 to 30092023 tonne 5 Graph 16 Chinese copper rod producers' output by region by month from 01092023 to 30092023 tonne 5 Graph 17 Chinese copper rod producers' inventory by month from 01092023 to 30092023 tonne 5 Graph 18 Chinese copper rod producers' inventory by region by month from 01092023 to 30092023 tonne 5 Graph 19 Chinese copper concentrate producers' operating rate by month from 01092023 to 30092023 % 6 Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01092023 to 30092023 % 6 Graph 21 Chinese copper concentrate producers' output by month from 01092023 to 30092023 metal ton 6 Graph 22 Chinese copper concentrate producers' output by region by month from 01092023 to 30092023 metal ton 6 Graph 23 Chinese copper concentrate producers' inventory by month from 01092023 to 30092023 metal ton 6 Graph 24 Chinese copper concentrate producers' inventory by region by month from 01092023 to 30092023 metal ton 6 Graph 25 China's import volume of copper cathode Cu≥99.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 1
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.Asian Metal Copyright9935% in previous 13 months 7 Graph 26 China's import volume of copper cathode Cu≥99.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 2
4.1 Eloro reports mineral resources at Iska Iska zinc-lead-tin deposit 2
4.2 Copper Lake updates mineral resources for Norton Lake nickel-copper-cobalt project 2
4.3 Northern Dynasty forecasts production at Pebble copper project 3
4.4 Jinlong Copper reduces copper cathode output 3
4.5 Wuzhou Jinsheng Copper decreases copper cathode output 3
4.6 Amerigo resumes production at Minera Valle Central copper operations 3
4.7 Universal Copper amends Poplar copper-molybdenum property option agreement 3
5 Producers Statistics 3
5.1 Chinese refined copper producers 3
5.1.Asian Metal Copyright99%min spot price trend from 01092023 to 30092023 RMBt 1 Graph 4 TCs for copper rod Ф8mm in Chinese market from 01092023 to 30092023 EXW, RMBt 2 Graph 5 TCs for blister copper 98.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 3.85% MoM in Aug 3
5.1.Asian Metal Copyright3 Chinese copper cathode 99.Asian Metal Copyright2 Chinese refined copper producers' output up by 4.73% MoM in Sep 4
5.1.Asian Metal Copyright1 Copper concentrate 25%min TC CIF China 1 3.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 8.52% MoM in Sep 4
5.2 Chinese copper rod producers 4
5.2.Asian Metal Copyright04% MoM in Aug 2023 7 6.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 3.09% in Sep MoM 4
5.2.Asian Metal Copyright2 Chinese copper concentrate 20%min price delivered 9 8.Asian Metal Copyright2 Chinese copper rod producers' output down by 4.96% MoM in Sep 5
5.2.Asian Metal Copyright3.Asian Metal Copyright3 Chinese copper rod producers' inventory down by 5.89% MoM in Sep 5
5.3 Chinese copper concentrate producers 6
5.3.Asian Metal Copyright3 Chinese copper rod producers' inventory down by 5.Asian Metal Copyright1 Chinese copper concentrate producers' operating rate up by 0.13% MoM in Sep 6
5.3.Asian Metal Copyright5%min TC delivered 10 8.Asian Metal Copyright2 Chinese copper concentrate producers' output up by 0.16% MoM in Sep 6
5.3.Asian Metal Copyright5% min in Chinese market from 01092023 to 30092023 RMBt 2 Graph 6 Chinese copper scrap wire 99%min price trend from 01092023 to 30092023 RMBt 2 Graph 7 Chinese refined copper producers' operating rate by month from 01092023 to 30092023 % 3 Graph 8 Chinese refined copper producers' operating rate by region by month from 01092023 to 30092023 % 3 Graph 9 Chinese refined copper producers' output by month from 01092023 to 30092023 tonne 4 Graph 10 Chinese refined copper producers' output by region by month from 01092023 to 30092023 tonne 4 Graph 11 Chinese refined copper producers' inventory by month from 01092023 to 30092023 tonne 4 Graph 12 Chinese refined copper producers' inventory by region by month from 01092023 to 30092023 tonne 4 Graph 13 Chinese copper rod producers' operating rate by month from 01092023 to 30092023 % 4 Graph 14 Chinese copper rod producers' operating rate by region by month from 01092023 to 30092023 % 5 Graph 15 Chinese copper rod producers' output by month from 01092023 to 30092023 tonne 5 Graph 16 Chinese copper rod producers' output by region by month from 01092023 to 30092023 tonne 5 Graph 17 Chinese copper rod producers' inventory by month from 01092023 to 30092023 tonne 5 Graph 18 Chinese copper rod producers' inventory by region by month from 01092023 to 30092023 tonne 5 Graph 19 Chinese copper concentrate producers' operating rate by month from 01092023 to 30092023 % 6 Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01092023 to 30092023 % 6 Graph 21 Chinese copper concentrate producers' output by month from 01092023 to 30092023 metal ton 6 Graph 22 Chinese copper concentrate producers' output by region by month from 01092023 to 30092023 metal ton 6 Graph 23 Chinese copper concentrate producers' inventory by month from 01092023 to 30092023 metal ton 6 Graph 24 Chinese copper concentrate producers' inventory by region by month from 01092023 to 30092023 metal ton 6 Graph 25 China's import volume of copper cathode Cu≥99.Asian Metal Copyright3 Chinese copper concentrate producers' inventory down by 9.03% MoM in late Sep 6
6 Customs Statistics 7
6.1 China's copper cathode (Cu≥99.Asian Metal Copyright2 Chinese copper concentrate 20%min price delivered 9 8.Asian Metal Copyright9935%) import volume rose 15.04% MoM in Aug 2023 7
6.2 China's other copper alloys import volume increased 28.86% MoM in Aug 2023 7
6.3 China's copper master alloy import volume fell 79.66% MoM in Aug 2023 8
7 Relevant Industry News 9
7.1 Zijin Mining reports record H1 production of mined copper, zinc and lead 9
7.2 Ivanhoe Electric assesses Santa Cruz copper project output 9
7.3 China's copper cathode output up by 16.4% YoY in Aug 9
8 Market Outlook for Next Month 9
8.1 Copper Concentrate 25%min TC CIF China 9
8.2 Chinese copper concentrate 20%min price delivered 9
8.3 Chinese copper cathode 99.99%min price delivered 10
8.4 Chinese copper rod Ф8mm TC EXW 10
8.5 Chinese blister copper 98.5%min TC delivered 10
8.6 Chinese copper scrap wire 99%min price delivered 10

Graph Content

Graph 1 TC for imported copper concentrate 25%min in Chinese market from 01/09/2023 to 30/09/2023 (USD/t) 1
Graph 2 Chinese copper concentrate 20%min price trend from 01/09/2023 to 30/09/2023 (RMB/metal ton) 1
Graph 3 Chinese copper cathode 99.99%min spot price trend from 01/09/2023 to 30/09/2023 (RMB/t) 1
Graph 4 TCs for copper rod Ф8mm in Chinese market from 01/09/2023 to 30/09/2023 (EXW, RMB/t) 2
Graph 5 TCs for blister copper 98.5% min in Chinese market from 01/09/2023 to 30/09/2023 (RMB/t) 2
Graph 6 Chinese copper scrap wire 99%min price trend from 01/09/2023 to 30/09/2023 (RMB/t) 2
Graph 7 Chinese refined copper producers' operating rate by month from 01/09/2023 to 30/09/2023 (%) 3
Graph 8 Chinese refined copper producers' operating rate by region by month from 01/09/2023 to 30/09/2023 (%) 3
Graph 9 Chinese refined copper producers' output by month from 01/09/2023 to 30/09/2023 (tonne) 4
Graph 10 Chinese refined copper producers' output by region by month from 01/09/2023 to 30/09/2023 (tonne) 4
Graph 11 Chinese refined copper producers' inventory by month from 01/09/2023 to 30/09/2023 (tonne) 4
Graph 12 Chinese refined copper producers' inventory by region by month from 01/09/2023 to 30/09/2023 (tonne) 4
Graph 13 Chinese copper rod producers' operating rate by month from 01/09/2023 to 30/09/2023 (%) 4
Graph 14 Chinese copper rod producers' operating rate by region by month from 01/09/2023 to 30/09/2023 (%) 5
Graph 15 Chinese copper rod producers' output by month from 01/09/2023 to 30/09/2023 (tonne) 5
Graph 16 Chinese copper rod producers' output by region by month from 01/09/2023 to 30/09/2023 (tonne) 5
Graph 17 Chinese copper rod producers' inventory by month from 01/09/2023 to 30/09/2023 (tonne) 5
Graph 18 Chinese copper rod producers' inventory by region by month from 01/09/2023 to 30/09/2023 (tonne) 5
Graph 19 Chinese copper concentrate producers' operating rate by month from 01/09/2023 to 30/09/2023 (%) 6
Graph 20 Chinese copper concentrate producers' operating rate by region by month from 01/09/2023 to 30/09/2023 (%) 6
Graph 21 Chinese copper concentrate producers' output by month from 01/09/2023 to 30/09/2023 (metal ton) 6
Graph 22 Chinese copper concentrate producers' output by region by month from 01/09/2023 to 30/09/2023 (metal ton) 6
Graph 23 Chinese copper concentrate producers' inventory by month from 01/09/2023 to 30/09/2023 (metal ton) 6
Graph 24 Chinese copper concentrate producers' inventory by region by month from 01/09/2023 to 30/09/2023 (metal ton) 6
Graph 25 China's import volume of copper cathode (Cu≥99.9935%) in previous 13 months 7
Graph 26 China's import volume of copper cathode (Cu≥99.9935%) from top three countries in previous 13 months 7
Graph 27 China's import volume of other copper alloys in previous 13 months 8
Graph 28 China's import volume of other copper alloys from top three countries in previous 13 months 8
Graph 29 China's import volume of copper master alloy in previous 13 months 8
Graph 30 China's import volume of copper master alloy from top three countries in previous 13 months 9



.Asian Metal Copyright96% MoM in Sep 5 5Asian Metal Copyright