SMM

China's copper cathode output in November was 960,800 mt, a decrease of 33,000 mt or 3.3% month-on-month, but a growth of 6.8% year-on-year, according to SMM data. The output was 40,400 mt lower than the expected 1 million mt. The output totalled 10.44 million mt from January to November, an increase of 1.03 million mt or 10.93% year-on-year.