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Friday, April 15, 2011

China Aluminium, Copper Output Set For New Record

China's copper and aluminium production are set for another record month in April, after a March surge, resulting from expanded capacity and rosy demand forecasts by producers.

China produced a record 470,000 tonnes of refined copper in March, up nearly 6 percent from a peak set in December 2010, data from the National Bureau of Statistics showed on Friday.

Some of the output increase was linked to a natural rebound after a short month and smelter slowdown during the Lunar New Year holiday in February as well as demand for copper and aluminium intensive products such as air conditioners ahead of the summer, analysts said.

They added that higher than expected inflation in March won't lead smelters to keep production in check in the near term.

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