Copper Market Report January 2013

Contents
Introduction 4
1 Financial overview 4
1.1 Domestic financial review 4
1.1.Asian Metal Copyright5 Northern Copper to finish construction of crude copper expansion project in mid-2013 24 6.Asian Metal Copyright1 CPI up by 2.Asian Metal Copyright1 Refined copper import data in China 18 5.Asian Metal Copyright5%, PPI down by 1.9% YOY in December 4
1.1.2 China’s PMI declines steadily in January 5
1.2 International financial review 6
1.2.1 International crude oil futures rebound rapidly in January 6
1.2.2 US dollar index declines with improved Europe situations 7
1.2.3 Global economy recovers in 2013, nonferrous metal market to perform well 8
2 Copper futures on the LME up 8
3 Chinese domestic market overview 10
3.1 Copper prices in China rise 10
3.2 Copper concentrate price goes up 11
3.3 Copper rod market moves up 12
3.3 Little improvement in copper scrap market 14
4 Monthly production data 14
4.1 Refined copper output data in China 14
4.1.Asian Metal Copyright1.Asian Metal Copyright1 Chinese refined copper import in December up by 9.2% MOM 14
4.1.Asian Metal Copyright3 Copper rod market moves up 12 3.Asian Metal Copyright2 Operating rate of Chinese copper smelters in January down by 3.5% MOM 15
4.2 Copper concentrate output data in China 16
4.3 Chinese December production of copper product up by 5% MOM 17
5 Import and export data 18
5.1 Refined copper import data in China 18
5.2 Copper concentrate import data in China 19
5.3 Copper product import data in China 20
5.4 Copper scrap import data in China 21
6 Company news 23
6.1 Company news from copper refineries 23
6.1.1 Jinjian Copper will produce 10,000 tons of refined copper in January 23
6.1.2 Jinfeng Copper to produce 9,000 tons of refined copper in January 23
6.1.3 Daye Nonferrous to produce 450,000 tons of refined copper in 2013 23
6.1.4 Xiangguang Copper fulfills the annual production of 350,000 tons of refined copper in 2012 24
6.1.5 Northern Copper to finish construction of crude copper expansion project in mid-2013 24
6.1.6 Debao Copper to produce 20,000 tons of copper concentrate in 2013 24
6.1.7 Humon Smelting to build refined copper project with annual capacity of 200,000 tons in 2013 25
6.1.8 Yunnan Tin under trial production of refined copper 25
6.1.9 Shenlan Mining’s copper ore dressing plant still under trial production 25
6.1.10 Jinsheng Nonferrous to produce 10,000 tons of refined copper in January 26
6.1.11 Jianchang Copper to produce 15,000 tons of refined copper in January 26
6.1.12 Jiuxing Holding Group to produce 2,000 tons of refined copper in January 26
6.1.13 Humon Smelting increases refined copper output by 200 tons in January MOM 26
6.2 Company news from copper rod plants 27
6.2.1 Xiangrui Copper Product to produce 150,000t of copper rod in 2013 27
6.2.2 Xinxing Zhuguan Copper to produce 165,000t of copper rod in 2013 27
6.2.3 Tiandilong Copper 2012 copper rod production reaches 140,000t 27
6.2.4 Chinalco Kunming Copper to increase copper rod output to 150,000t in 2013 27
6.2.5 Hanjin Futai Copper to put its new copper rod plant into production in August 28
6.2.6 Jiangrun Copper to increase production of copper rod to 500,000t in 2013 28
6.2.7 Huaxin Nonferrous Metal 2012 copper rod production reaches 330,000t 28
6.2.8 Jiangwu New Alloy Material 2012 copper rod production reaches 70,000t 28
7 Related industry developments 29
7.1 State Grid invests 309.7 billion yuan in 2012 29
7.2 Sources of railway construction fund clear 29
8 Outlook for next month 29

.Asian Metal Copyright2 International financial review 6 1Asian Metal Copyright