April output is expected to rise 14.9% versus the same
period a year ago, Antaike said. Smelter activity in China was
curtailed in April 2022 because of China's COVID-19
restrictions.
(Reporting by Siyi Liu and Dominique Patton; Editing by
Christian Schmollinger)
BEIJING, April 12 (Reuters) - China's copper cathode
output in March jumped 14% from a year ago thanks to newly
established capacity and sufficient raw materials supply,
state-backed research house Antaike said late on Tuesday.
Production at 22 smelters surveyed by Antaike, with a total
capacity of 11.12 million tonnes, or 926,667 tonnes per month,
and accounting for 82% of China's total capacity, was at 858,900
tonnes last month.
That marked a monthly increase of 3.2%.
The higher-than-expected March output was attributed to
sufficient raw materials supply in domestic market, especially
anode copper, and production from newly added capacity, which
largely offset production disruptions caused by maintenance at a
few companies, Antaike said in the note.
Copper cathode output this month will maintain its growth to
reach 859,500 tonnes, although some smelters have started
maintenance.
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