Shanghai Metals Market announced that 917 thousand tons of copper was produced in China in June 2023, which is less than expected. In addition, its noted that some companies had to use less of their capacity due to the shortage of blister copper. According to experts, this situation will take time to resolve.
During the month of July, seven plants in China will suffer a production loss of up to 60,000 tons per month due to scheduled repairs.
Looking at the data of the General Administration of Customs of the People's Republic of China, unprocessed copper from abroad decreased by 16 percent in June 2023 compared to June 2022 and was recorded as 450 thousand tons. In the first six months of 2023, Chinese companies' copper imports decreased by 12 percent compared to 2022 and decreased to 2,588 million tons.
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