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The three-month copper price on the London Metal Exchange rose during Asian morning trading hours on Wednesday December 27, the first trading day after the Christmas holiday, while the Shanghai Futures Exchange copper price decreased.
Check Metal Bulletin’s live futures report here.
Jiangxi Copper is operating as usual despite media reports that it has been ordered to halt production to combat pollution, sources familiar with the matter told Metal Bulletin.
The smelter did received a production halt notice from the authorities, sources at Jiangxi Copper confirmed to Metal Bulletin, but added that the two side are still in the middle of discussions on the issue and that production at the moment is as normal.
China’s refined zinc imports doubled in November from the previous month to 122,814 tonnes, while zinc concentrates imports rose 27% month on month, according to the latest Chinese customs data.
With the nickel market focused on the electric vehicle (EV) battery story this year, changes in nickel ore-producing countries such as Indonesia and the Philippines have lessened their effect on nickel prices.
China’s run-of-mine (ROM) iron ore output was largely flat on the year in November, while the production rate continued to shrink on the month.