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What is the future of China's expanding copper smelters?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China's copper smelting capacity has been increasing since the early 2000s and the country has, by far the largest smelting capacity in the world. With further expansion of China's copper smelting capacity, we expect the ratio of combined TC/RC to copper price is likely to fall in the medium term. More smelters are built in inland region, which will incur high freight cost and face downside risks particularly with a potential oversupply in China's copper smelting industry. On the other hand, with recent development, BBF smelters can be scaled up and some may be built outside China in the future.
Table of contents
- Executive summary
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Introduction
- Location of Chinese primary smelters
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Impact on concentrate supply-demand balance
- China's copper mine production vs smelter production
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Economics of inland smelters
- Selected inland smelters and the distance from ports/land ports
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Potential of bottom-blown technology
- List of bottom blown smelters in China
Tables and charts
This report includes the following images and tables:
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What is the future of China's expanding copper smelters?: Image 1What is the future of China's expanding copper smelters?: Image 2Changes in smelting capacity and concentrate capability
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Combined realised TC/RC as % of copper price (25% concentrate)What is the future of China's expanding copper smelters?: Table 1What is the future of China's expanding copper smelters?: Table 2
What's included
This report contains:
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