![]() The Aquia community, located 60 kilometres from Antamina, blocked a key road to the mine, forcing the mine to stop operations between 31 October and 12 November. Protests against Antamina by the Aquia community caused the mine to temporarily stop operations in November. The slow offloading of concentrates at ports along the Yangtze River has gradually improved or back to normal. ![]() However, the situation has improved in recent weeks. However, logistical issues at the port mean that only a fraction of those concentrates have reached their destination.Ĭhinese ports have also suffered from congestion. As the concentrator plant ramps up, the mine is producing more concentrate than CNMC’s Lualaba Copper Smelter can process and is exporting its copper concentrates to international markets via to the Port of Durban in South Africa. Kamoa-Kakula started operations in May 2021 and is expected to produce between 92,500 t and 100,000 t of copper in concentrates in 2021. Supply chain disruptions in Africa continue to impact the export of copper cathode, copper blister, and also of copper concentrates. Ganqimaodu closed on 25 November and reopened a few days later but still operated at low rate. Erlianhot port, a major import route for Erdenet concentrates, announced the cessation of raw material imports on 28 November and it is expected to remain closed until the end of December. Smelters in north-western and northern China have seen the inflow of concentrates from Erdenet and Oyu Tolgoi restricted following announcements that imports through Erlianhot and Ganqimaodu ports were banned in response to the new Covid-19 variant, Omicron. Concentrates are not reaching their destinations The agreement on 16 December came slightly earlier than anticipated, and Antofagasta Minerals is expected to continue negotiations with Chinese smelters next week (week commencing 20 December).Īlthough market fundamentals, as estimated by CRU, point to a surplus in the concentrates market, several factors have increased short-term uncertainty and have somewhat blurred the picture for market participants, making an agreement between the parties more difficult to achieve, as discussed in the following sections. By late-November, however, benchmark negotiations were rumoured to have stalled after Freeport reportedly offered a rollover and the Chinese negotiators countered with $70/7.0¢. Negotiations started in late-October, with both parties exchanging views of the market. The delay of key smelter projects in China has also contributed to greater expected availability of concentrates next year. Copper sections of cathodes are used to make copper rod and other copper products.This result is consistent with CRU’s forecast and reflects a copper concentrates market that is transitioning into a surplus in late-2021 and into 2022, as a wave of additional copper concentrates supply reaches the market, with new mines ramping up and new mining projects being commissioned. Ranking Copper cathodes and sections of cathodes unwrought ranks 4277th in the Product Complexity Index (PCI).ĭescription Copper cathodes can be used to make copper sheet, wire, and cable. Tariffs In 2018 the average tariff for Copper cathodes and sections of cathodes unwrought was 2.21%, making it the 6203rd lowest tariff using the HS6 product classification. Imports In 2021 the top importers of Copper cathodes and sections of cathodes unwrought were China ($28.8B), United States ($8.56B), Italy ($4.78B), Germany ($4.61B), and Chinese Taipei ($3.82B). ![]() Trade in Copper cathodes and sections of cathodes unwrought represent 0.4% of total world trade.Ĭopper cathodes and sections of cathodes unwrought are a part of Refined Copper.Įxports In 2021 the top exporters of Copper cathodes and sections of cathodes unwrought were Chile ($20.8B), Democratic Republic of the Congo ($8.94B), Japan ($5.08B), Russia ($4.33B), and Kazakhstan ($3.88B). Between 20 the exports of Copper cathodes and sections of cathodes unwrought grew by 30.3%, from $64.5B to $84.1B. ![]() In 2021, Copper cathodes and sections of cathodes unwrought were the world's 25th most traded product, with a total trade of $84.1B. Overview This page contains the latest trade data of Copper cathodes and sections of cathodes unwrought.
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