Debao Copper plans to raise output

BEIJING (Asian Metal) 17 Apr 24 - Guangxi Debao Copper Co.Asian Metal Copyright With an annual production capacity of 3,000 metal tons, the company produced 170 metal tons last month, expecting that the output would keep stable MoM this month.Asian Metal Copyright, Ltd.Asian Metal Copyright With an annual production capacity of 3,000 metal tons, the company produced 170 metal tons last month, expecting that the output would keep stable MoM this month.Asian Metal Copyright plans to raise its copper concentrate output by about 30 metal tons or 18% in July, when a new mine shaft might go into operation but with no changes for the production capacity of its dressing plant.

"In July 2023, we planned to build a new mine shaft. With the mining tunnel in place, the new shaft is of the ability of mining now, but relative mining procedures couldn't be obtained until July, when our monthly output is expected to reach 200 metal tons," a source from the company said.

With an annual production capacity of 3,000 metal tons, the company produced 170 metal tons last month, expecting that the output would keep stable MoM this month. It holds about 80 metal tons of stocks at the moment, and usually sells the material to traders in accordance with annual contracts.

Mainstream prices for copper concentrate in the local market stand at RMB70,300-70,500/metal ton (USD9,713-9,740/metal ton) at present, rising by about RMB3,000/metal ton (USD414/metal ton) from mid-March. Insiders predict that mainstream prices for the material would rise slightly in the coming days.



.Asian Metal Copyright With the mining tunnel in place, the new shaft is of the ability of mining now, but relative mining procedures couldn't be obtained until July, when our monthly output is expected to reach 200 metal tons," a source from the company saidAsian Metal Copyright