SMM

In April, the capacity utilisation rates and operating rates at mines in Hubei were similar to those in Henan. A private mining company produced 8,000 mt of concentrates in April, which was a 300% increase compared with 2,000 mt in March, but still below its normal level. The mining company also said that due to the recent decline in ore prices, the ROM supply was hampered, and concentrate output is unlikely to increase in the short term. In addition, it had no concentrates inventory by offering low selling prices amid robust demand.