1 HAKUHO: THE MONGOLIAN WHO SHATTERED SUMO'S RECORDS WWW.PH.NEWS.YAHOO.COM PUBLISHED:2021/09/28      2 PEOPLE ARRIVING FROM ABROAD WILL NOT BE PLACED AT ISOLATION FACILITIES FROM OCTOBER 15 WWW.MONTSAME.MN PUBLISHED:2021/09/28      3 UNITED STATES AND MONGOLIA SUCCESSFULLY CONDUCT KHANGAI-21 DISASTER RESPONSE EXERCISE WWW.MN.USEMBASSY.GOV  PUBLISHED:2021/09/27      4 CHINA AND RUSSIA STEP IN TO ASSIST MONGOLIA WITH FUEL SHORTAGE WWW.GLOBALTIMES.CN PUBLISHED:2021/09/27      5 INNER MONGOLIA SEIZES 10,100 MINING RIGS FROM GOVERNMENT TECH PARK WWW.COINDESK.COM PUBLISHED:2021/09/27      6 MONGOLIA RECORDS HIGHEST DAILY COUNT OF COVID-19-RELATED DEATHS WWW.XINHUANET.COM PUBLISHED:2021/09/27      7 SUMO YOKOZUNA HAKUHO INTENDS TO RETIRE WWW.NHK.OR.JP PUBLISHED:2021/09/27      8 GROSS INDUSTRIAL OUTPUT INCREASED BY MNT 2.7 TRILLION FROM THE PREVIOUS YEAR WWW.MONTSAME.MN PUBLISHED:2021/09/27      9 EXPORT INCREASED BY USD 254.9 MILLION COMPARED TO THE PREVIOUS MONTH WWW.MONTSAME.MN PUBLISHED:2021/09/27      10 1,500 PERSONNEL PARTICIPATE IN MILITARY DRILL IN MONGOLIA WWW.NEWS.MN PUBLISHED:2021/09/27      УУХҮЯ: БНХАУ-ААС НИЙЛҮҮЛЭХ 150 ВАГОН ШАТАХУУНЫ 25 НЬ УЛААНБААТАРТ ИРЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2021/09/28     НИЙСЛЭЛИЙН ГЭР БҮЛИЙН ЗОРИУЛАЛТТАЙ ГАЗРЫН ДУНДАЖ ҮНЭ 1 М² НЬ 83.2 МЯНГАН ТӨГРӨГ БОЛЖ ӨСӨӨД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2021/09/28     МОНГОЛ УЛС ИННОВАЦЫНИ ИНДЕКСЭЭР 58 ДУГААРТ БИЧИГДЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2021/09/28     ТӨМӨР ЗАМААР 20.9 САЯ ТОНН АЧАА ТЭЭВЭРЛЭЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2021/09/28     АЖ ҮЙЛДВЭРИЙН САЛБАРЫН ҮЙЛДВЭРЛЭЛ 28 ХУВИАР НЭМЭГДЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/09/28     МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 4.5 ХУВИЙН ӨСӨЛТТЭЙ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/09/28     ИРЭХ ОНД ЭДИЙН ЗАСАГ 5.9 ХУВИАР ӨСӨХӨД УУЛ УУРХАЙН БУС САЛБАРЫН СЭРГЭЛТ ГОЛЛОХ НӨЛӨӨ ҮЗҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2021/09/28     БНХАУ МОНГОЛООС АВАХ НҮҮРСНИЙ ИМПОРТОО НЭМЖ МАГАДГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2021/09/28     ЗАСГИЙН ГАЗАР 2022 ОНД ХАЛАМЖИД 3 ИХ НАЯД ТӨГРӨГ ЗАРЦУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2021/09/27     ТӨГРӨГИЙН АМ.ДОЛЛАРТАЙ ХАРЬЦАХ ХАНШ 0.01 ХУВИАР ЧАНГАРЧЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2021/09/27    

Copper price: After China ban, Australia had no problem finding new concentrate buyers www.mining.com

Copper was an early victim of the increasingly fraught relations between Canberra and Beijing and Chinese imports of concentrate have fallen off a cliff since November last year under a ban that was never made official.
Australia is the fourth-largest producer of copper concentrates globally. The country produced 3.5 million tonnes last year, with just under half of that exported.
Unlike the iron ore market, where the countries’ steel mills and iron ore miners are joined at the hip, Australian concentrate only made up some 5% of Chinese imports. China was Australia’s no. 1 customer, however, and in the past sucked in more than half the country’s exports.
According to a new report by Roskill, a minerals and metals market research firm, total exports of Australian concentrates fell 8% in 2020 (in gross weight terms) as producers scrambled to find new customers in the final months of 2020.
It appears other Asian countries jumped at the chance to pick up China’s slack. While Australia’s concentrate exports to China slumped 89% in the first quarter this year, Japanese and South Korean imports surged by 52% and 192% respectively.
Between them, Japan and Korea purchased 56% of Australian exports of some 400,000 tonnes during Q1 2021, a 3% rise compared to the same quarter a year ago.
Refined exports jump
Treatment and refining charges (TC/RCs) paid by miners to smelters to process concentrate into refined metal rise when supply is ample and fall when smelters are forced to compete for scarce material.
TC/RCs have risen to around $45 a tonne after falling to a historically low level of just over $20 a tonne in April. While that would indicate loosening conditions on the spot market today’s charges still compare to more than $70 a tonne in June last year and spikes as high as $130 in the previous decade.
Roskill says in addition to the change in countries buying Australian concentrates, production of primary refined copper in Q1 2021 increased 20% and exports of refined copper (largely to China and Malaysia) increased 13%.
Copper prices turned higher again on Thursday, scaling $4.50 a pound or $9,920 a tonne in New York trading after falling back from a near two-month high on Monday. In Shanghai, copper was trading at a steep premium to Comex metal at CNY71,510 or around $11,050 a tonne.


Published Date:2021-08-01