The overall domestic copper cathode output in May was at a low level due to the intensive maintenance. Although two smelters in Shandong resumed production in May, the production of copper did not resume.
According to SMM survey, domestic 1# silver output stood at 1,200.53 mt (including 1,035.53 mt of mineral silver) in May 2022, down 3.93% on the month, mainly because many producers carried out maintenance in May.
By Reuters Staff
2 Min Read
Jan 23 (Reuters) - Chinese copper producer Zhongtiaoshan Non-ferrous Metals Group is close to securing a backdoor listing for smelting unit Northern Copper after Shenzhen-traded Nafine Chemical Industry Co announced details of a planned restructuring.
The listing will allow Northern Copper, which is upgrading and expanding its Houma smelter in China’s Shanxi province, to be publicly traded on the Shenzhen Stock Exchange under Nafine’s stock code and raise financing, without the need for an initial public offering.
The complex deal, which is backed by the Shanxi government, will see Nafine，a salts and chemicals producer under Shanxi Coking Coal Group, acquire all of Northern Copper for 4.4 billion yuan ($679 million) in cash and shares, Nafine said in a filing to the Shenzhen Stock Exchange late on Friday.