Monthly Copper Market Report Jun 2024

Contents
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.Asian Metal Copyright3 Chinese copper rod producers' inventory down by 8.Asian Metal Copyright1 China's Jan-Apr production of ten nonferrous metals up by 7.1% YoY 2
3. Market Movements 2
3.1 Chinese Market 2
3.1.1 Copper concentrate 25%min TC CIF China 2
3.1.2 Chinese copper concentrate 20%min price delivered 2
3.1.Asian Metal Copyright4 KAZ Minerals posts decline in Q1 copper production 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 Copyright8 Luoyang Copper Processing gets approval to build copper plate project 4 4.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 3
3.1.6 Chinese copper scrap wire 99%min price delivered 3
4. Company News 3
4.1 Alara dispatches first copper concentrate from Wash-hi Majaza mine to China 3
4.2 Glencore boosts investment in Stillwater West nickel project 3
4.3 Ironbark acquires stake in two copper projects in Queensland 3
4.4 KAZ Minerals posts decline in Q1 copper production 3
4.5 Ero Copper's Tucuma mine set for production in early Q3 3
4.6 Anglo Asian inks copper concentrate supply prepayment deal with Trafigura 4
4.7 Palamina to buy Aurania's subsidiary to expand copper assets in Peru 4
4.8 Luoyang Copper Processing gets approval to build copper plate project 4
4.9 Guizhou's latest round of mineral exploration achieves significant results 4
5. Producers Statistics 4
5.1 Chinese refined copper producers 4
5.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese refined copper producers' operating rate down by 0.034% MoM in Jun 4
5.1.Asian Metal Copyright2 China's copper concentrate import volume fell 11.Asian Metal Copyright2 Chinese refined copper producers' output down by 0.038% MoM in Jun 4
5.1.Asian Metal Copyright1.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 21.83% MoM in Jun 5
5.2 Chinese copper rod producers 5
5.2.Asian Metal Copyright5%min TC delivered 3 3.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 6.33% in Jun MoM 5
5.2.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 21.Asian Metal Copyright2 Chinese copper rod producers' output down by 6.33% MoM in Jun 5
5.2.Asian Metal Copyright1.Asian Metal Copyright3 Chinese copper rod producers' inventory down by 8.03% MoM in Jun 6
6. Export Statistics 6
6.1 China's copper cathode (Cu<99.Asian Metal Copyright1.Asian Metal Copyright9935%) import volume grew 51.82% YoY in May 2024 6
6.2 China's copper concentrate import volume fell 11.46% YoY in May 2024 7
6.3 China's copper scrap import volume rose 12.39% YoY in May 2024 7



.Asian Metal Copyright2 Chinese refined copper producers' output down by 0Asian Metal Copyright