China’s refined copper exports double to record on surplus
Shipments more than doubled to 157,751 tons in June from May, well above the previous all-time high of 102,000 tons in 2012.
China Molybdenum said on Monday it would place its Tenke Fungurume copper and cobalt mine in Democratic Republic of Congo in isolation beginning at noon on Tuesday in response to the coronavirus, according to a note to employees seen by Reuters.
“Only essential services will be organized to maintain the production tool. For that, essential staff will stay on the site and will not be in contact with the outside world,” the note said.
Tenke Fungurume is one of the largest copper and cobalt producers in the Democratic Republic of Congo.
(By Hereward Holland and Aaron Ross; Editing by Chris Reese)
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