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CommodityOnline reports that base metals production is up year over year although month over month is even.
CommodityOnline reports that base metals production is up year over year although month over month is even.
The market news is quoted as saying,
Given the tightening in domestic supply exports are likely to soften in H2. Chinese production data from the National Bureau of Statistics (NBS) were also released and painted a mixed picture. Refined Nickel and copper production both hit record highs while aluminium, zinc, Lead and Tin production fell m/m. Concentrate production for all the metals fell sharply m/m but was higher y/y. And in keeping with the seasonal trend semis output fell m/m but was up strongly y/y.