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China's Daily Output of Refined Copper in Sept Recovers to Pre- Covid Peak

20 Oct 2020 4:47 pm
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Mumbai (Commodities Control) – China's refined copper output rose 10.3% year-on-year in September, the National Bureau of Statistics said on Tuesday, with smelters' average daily production recovering to the record level registered before the coronavirus outbreak erupted.

The September total was up 1.7% from the previous month to 909,000 tonnes, the highest since the December 2019 record of 930,000 tonnes. Daily average output in September was 30,300 tonnes per day, matching the November 2019 record set before the pandemic took hold.

Research house Antaike said last week that smelters in top copper consumer China, whose operating rates plunged in February and March after the virus outbreak, had a largely maintenance-free month in September.

Both lead and zinc saw output of 565,000 tonnes, also their highest monthly levels since December 2019 records, while alumina production set an all-time high for a second straight month, in line with China's surging aluminium supply and keeping alumina prices depressed.



       
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