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Brazilian copper exports up on Chinese buying

Keywords: Tags  Brazil, exports, copper cathode, China, United States, copper, Metal Bulletin, Carolina GuerraCarolina Guerra


SÃO PAULO — Brazil’s refined copper cathode exports jumped 342.6 percent year on year in March to 5,507 tonnes due to a large purchase from China, according to the country’s trade ministry.

The figure was also up from February’s total of 4,162 tonnes.

Export revenues totaled $43.4 million last month, compared with $12.8 million in March last year.

Chinese purchases totaled 4,277 tonnes, accounting for more than half of the material shipped last month, compared with 1,507 tonnes in March 2012.

The United States, the second-largest buyer, reported shipments of 1,021 tonnes last month vs. no shipments in March 2012.

Most of the copper cathodes shipped abroad—5,505 tonnes—came from Dias D’Ávila in Brazil’s northeastern state of Bahia, where copper producer Paranapanema SA has an operation.

In the first quarter of 2013, exports totaled 13,691 tonnes, up 217.9 percent from the same period last year.

No exports of copper mattes or cement copper were registered in March.

A version of this article was first published by AMM sister publication Metal Bulletin.

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