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China April copper, zinc production up m/m; lead output down - Antaike

05/11/2021 07:08
China April copper, zinc production up m/m; lead output down - Antaike

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  • China's main copper smelters increased production in April by 0.85% from the previous month, state backed research house Antaike said on Tuesday, while zinc output also rose and lead production fell from March.

  • Copper cathode output from the 22 companies surveyed totaled 799,500 tonnes in a month that saw virtually no smelter maintenance, Antaike said in a note; the total was up 12.85% from a coronavirus-affected April 2020.

  • Overhauls at Tongling Nonferrous 000630.SZ, Yunnan Copper 000878.SZ and Jinchuan Group as well as a smelter plan to cut concentrate purchases in 2021 will see May output fall to about 760,000 tonnes, Antaike said. nL1N2MX0O0

  • Zinc and zinc alloy output from 51 Chinese smelters in April was at 438,000 tonnes, up 3.7% year-on-year and 6.4% month-on-month on a daily basis, Antaike said separately; it envisages a slight increase in May to 440,000 tonnes.

  • Lead production from major smelters in April was up 1.3% year-on-year, but down 22,000 tonnes from March, at 391,000 tonnes, said Antaike, which sees tight lead concentrate supply limiting May output to around 400,000 tonnes.


(Reporting by Tom Daly; Editing by Amy Caren Daniel)

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