SHANGHAI, Feb 20 (SMM) - Beginning in early February, there had been widespread rumours that aluminium smelters in Yunnan would be subject to capacity cuts due to tightening power supply in the dry season.
SMM data showed that China’s copper cathode output stood at 870,000 mt in December 2022, down 3.3% from the previous month and flat from the same period in 2021. The actual output was 17,900 mt lower than the expected 887,900 mt. The output totalled 10.28 million mt in 2022, up 3.07% or 306,200 mt year-on-year.
China produced 899,600 mt of copper cathode in November, down 0.2% MoM but up 8.9% YoY. The output was 3,700 mt lower than the expectation of 903,300 mt. The output totalled 9.41 million mt from January to November, up 3.37% or 306,500 mt year-on-year.