Monthly Copper Market Report Mar 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.1 China vows to boost construction of basic mining infrastructure 3
2.1.2 China vows to boost construction of basic mining infrastructure 3
2.1.Asian Metal Copyright2.Asian Metal Copyright3 China's Jan-Feb copper cathode output up by 10.7% YoY 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Copper concentrate 25%min TC CIF China 3
3.1.2 Chinese copper concentrate 20%min price delivered 4
3.1.Asian Metal Copyright2 Chinese copper rod producers' output up by 31.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 4
3.1.4 Chinese copper rod Ф8mm TC EXW 4
3.1.Asian Metal Copyright1.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 4
3.1.6 Chinese copper scrap wire 99%min price delivered 4
4. Company News 5
4.1 Dundee sells Tsumeb copper smelter in Namibia to Sinomine 5
4.2 Tianjin Dawufeng resumes copper rod production 5
4.3 Dundee sells Tsumeb copper smelter in Namibia to Sinomine 5
4.4 Tianjin Dawufeng resumes copper rod production 5
4.5 Henan expects nonferrous industry to peak carbon emissions by 2030 5
4.6 Yunnan Copper's annual copper cathode production hits record high 5
4.7 Hudbay updates copper output outlook over next three years 5
5. Producers Statistics 6
5.1 Chinese refined copper producers 6
5.1.Asian Metal Copyright3 China's Jan-Feb copper cathode output up by 10.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 4.92% MoM in Mar 6
5.1.Asian Metal Copyright2 Hot Chili reports increase in copper-molybdenum resource at Costa Fuego project 10 7.Asian Metal Copyright2 Chinese refined copper producers' output up by 4.92% MoM in Mar 6
5.1.Asian Metal Copyright6 Chinese copper scrap wire 99%min price delivered 4 4.Asian Metal Copyright3 Chinese refined copper producers' inventory up by 29.57% MoM in Mar 6
5.2 Chinese copper rod producers 7
5.2.Asian Metal Copyright1.Asian Metal Copyright1 Chinese copper rod producers' operating rate up by 31.21% in Mar MoM 7
5.2.Asian Metal Copyright37% MoM in Mar 7 5.Asian Metal Copyright2 Chinese copper rod producers' output up by 31.20% MoM in Mar 7
5.2.Asian Metal Copyright3.Asian Metal Copyright3 Chinese copper rod producers' inventory down by 26.37% MoM in Mar 7
5.3 Chinese copper concentrate producers 8
5.3.Asian Metal Copyright Market Movements 3 3.Asian Metal Copyright1 Chinese copper concentrate producers' operating rate up by 3.77% MoM in Mar 8
5.3.Asian Metal Copyright1 Dundee sells Tsumeb copper smelter in Namibia to Sinomine 5 4.Asian Metal Copyright2 Chinese copper concentrate producers' output up by 3.56% MoM in Mar 8
5.3.Asian Metal Copyright2 Chinese copper concentrate producers' output up by 3.Asian Metal Copyright3 Chinese copper concentrate producers' inventory up by 13.63% MoM in late Mar 8
6. Export Statistics 8
6.1 China's copper cathode (Cu≥99.Asian Metal Copyright92% MoM in Mar 6 5.Asian Metal Copyright9935%) export volume decreased 66.30% YoY in Feb 2024 8
6.2 China's copper rod export volume fell 63.56% MoM in Feb 2024 9
6.3 China's copper concentrate import volume fell 10.41% MoM in Feb 2024 10
7. Relevant Industry News 10
7.1 Teck's copper-zinc production goes up in Q4 2023 10
7.2 Hot Chili reports increase in copper-molybdenum resource at Costa Fuego project 10
7.3 China's Jan-Feb copper cathode output up by 10.7% YoY 11
7.4 CMOC's TFM copper-cobalt project reaches full production 11
8. Market Outlook for Next Month 11
8.1 Chinese Market 11
8.1.1 Copper Concentrate 25%min TC CIF China 11
8.1.2 Chinese copper concentrate 20%min price delivered 11
8.1.Asian Metal Copyright3 China's Jan-Feb copper cathode output up by 10.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 11
8.1.4 Chinese copper rod Ф8mm TC EXW 11
8.1.Asian Metal Copyright1.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 11
8.1.6 Chinese copper scrap wire 99%min price delivered 11









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