China’s daily output of base metals up; ferroalloys drop

Dec 14, 2010 | 01:13 PM |

Chinese production of base metals increased in November, with copper, nickel and lead surging to new highs and aluminum logging its first gain in five months.

The country's refined copper output jumped to a record 14,767 tonnes per day, up 14.4 percent vs. October, on the back of a seasonal spike and cheaper scrap supplies, analysts said. The November total of 443,000 tonnes was up 4.5 percent from the same month last year, according to China's National Statistics Bureau, and the 11-month total of 4.37 million tonnes was up 12.6 percent from a year earlier.....

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