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.
SHANGHAI, Nov 14 (SMM) – Price review: The SMM weighted alumina price index stood at 2,778 yuan/mt as of last Friday, down 4 yuan/mt from a week ago, and the decline has slowed down.
According to SMM, China metallurgical-grade alumina output in October (31 calendar days) was 6.68 million mt with daily output of 215,400 mt, down 0.61% MoM but up 10.3% YoY. The operating capacity of alumina was 78.61 million mt and the domestic operating rates stood at 81.1%.