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Jinchuan Group Ltd Shuts 200,000 T Copper Plant On Scrap Shortage-Reuters


Friday, 24 May 2013 01:06am EDT 

Reuters reported that Jinchuan Group Ltd has shut a 200,000 tonne-a-year facility due to a raw scrap shortage, which could reduce its refined copper output by more than 16% this year. The move followed output cuts earlier this week by fourth-largest producer Yunnan Copper and in the past month by top producer Jiangxi Copper Company Ltd and other manufacturers, helping to push spot copper premiums to a 7-month high in China, the top consumer of the metal. Jinchuan has more than 600,000 tonnes a year of copper production capacity in the northwestern province of Gansu. About two thirds of the capacity uses copper concentrate as feed and is running at full output 

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