The copper market will be well-supplied in 2024 despite concentrate shortages because China's large, well-capitalized smelters can operate profitably at negotiated contract terms, while medium and smaller smelters will struggle and stop operating until concentrate supplies rebalance.
causalpending
Speaker
Simon MikhailovichEvidence Quote
“the market is well supplied this year despite the shortage of concentrates um China's smelter capacity is dominated by the big smelters who are well financed well capitalized good technology”
Created: 8/12/2026, 6:03:29 PM
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