China's refined copper output experienced a sharp growth

Tag : refined copper
China islikely to increase its annual production capacity of refined copperby 230,000 tons in the rest of the year, lower than theanticipation at the end of 2007, according to Steelease underCBIChina.
China's refined copper output experienced a sharp growth in thefourth quarter last year to reach 357,700 tons last October.
It is estimated that the output growth will be limited in 2008. Infact, it is quite possible that the third-quarter output willdecrease.
According to the analysis of Steelease, because of the shortage andhigh price of scrap copper and the weakening domestic copperdemand, there will be delay for some expanding projects on refinedcopper to go into production, possibly to the year-end.
Many refining companies with copper concentrate as a major rawmaterial also claimed a possible shortage of the raw material,which may harm the growth of refined copper output in the rest ofthe year.
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