China imported 2.76 million metric tons of copper ore and concentrates in August, marking a 7.78% increase from the previous month and a 7.45% rise year-on-year. Among major suppliers, Chile saw its shipments surge by nearly 30% to 958,700 metric tons, while Peru's shipments declined slightly. Other key suppliers including Mongolia, Mexico, and Russia also recorded varying degrees of increase. Currently, domestic spot processing fees for copper concentrates remain at low levels with little sign of significant recovery, and the tight supply situation persists.

Additionally, Minera Sud Copper plans to maintain stable copper production in the country throughout 2025 while actively advancing the development of major new projects.

Chief Financial Officer Raúl Jacobo stated that this year's copper output is expected to remain largely unchanged from last year's 414,000 metric tons, with molybdenum and silver production also projected to stay stable.

CSC operates the Tocopilla and Cuajone mines in Peru, producing 13,400 metric tons of molybdenum and 177.2 metric tons of silver last year. Moving forward, the company will prioritize investments in three major new projects: First, the US$1.8 billion Tía María mine, slated for commissioning by late 2027 and targeting annual production of 120,000 metric tons of copper upon reaching full capacity in 2028. Second, the US$2.5 billion Michiquillay mine, with an annual capacity of 225,000 metric tons and a 25-year lifespan, currently in mid-stage exploration with a 2032 commissioning target. Third is the Los Chancas mine in the Apurímac region. However, this project has faced repeated setbacks due to protests and violent actions by illegal miners, including arson attacks on the camp.

As an integrated internet platform providing benchmark prices, on September 25, the benchmark copper price of SunSirs was 80,060.00 RMB/ton, up 0.83% from the beginning of this month (79,401.67 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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