China`s October refined copper output jumps 14% on year to 732,746 mt
Source: www.chinamining.org Citation: Platts Date: November 18, 2014
China`s refined copper production jumped 13.6% year on year to a record high of 732,746 mt in October, the state-owned nonferrous metals information division Beijing Antaike said late Monday, November 17, citing the country`s National Bureau of Statistics.
The October output was up 2.5% from September.
Year-to-date output figures were not available. An Antaike official said previously that China produced 5.65 million mt in the first nine months, compared with 5.05 million mt in January-September 2013.
Over January-October, Platts calculated that China`s refined copper output was around 6.38 million mt, up 11.9% year on year.
The Antaike official said China`s higher refined copper output was in line with the country`s higher capacities, which are expected to rise 11.1% year on year to around 10 million mt in 2014.
China`s imports of copper concentrate rose 17.2% year on year to 9.5 million mt in January-October, according to preliminary data from the General Administration of Customs.
China`s domestic refined copper output is expected to rise 5.6% year on year to 6.6 million mt in 2014, the Antaike analyst said.
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