In 2024, with the increase in the proportion of non-registered imports and the shift in downstream purchasing preferences, the mainstream copper trading prices in the market will also be dragged down.
After the National Day holiday in October 2024, domestic copper cathode consumption weakened from strong levels, with the spot market showing sluggish performance and premiums dropping rapidly.
BHP Group has paused the majority of underground mining and surface processing operations at its Olympic Dam copper mine in southern Australia after electric storms damaged local power lines. BHP said ...