BASE METALS

Global copper smelting contracts in April

North America drags down world ex-China

 N. America Activity Dispersion Index (21 day moving average), July 2020 - Present Source: SAVANT

N. America Activity Dispersion Index (21 day moving average), July 2020 - Present Source: SAVANT

Chinese copper smelting activity, as expected, was lower with a number of smelters undergoing maintenance programmes. Tongling's 200,000tpa Jinchang, Chinalco's 200,000tpa Kunming and Daye's 300,000tpa...

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