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Chinese demand for copper concentrate is set to get a boost in October, with the country’s largest private copper producer, Nanfang Nonferrous, tipped to be starting its 400,000tpa smelter several months earlier than previously expected.
The news follows extremely low Chinese smelting activity in July, with the largest fall in activity in 18 months.
The major new plant, located in Chongzou city of Guangxi prefecture, will start processing copper concentrates within three months, which compares to market expectations for the first half of 2024,
A potential downturn in developed economies weighs on sentiment
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