LS MnM weighs output adjustments as copper concentrate shortage squeezes smelters

LS MnM, Korea's only dedicated copper smelter, is considering adjusting its copper concentrate purchases and production to protect profitability. This move comes as a global shortage of the raw material drives processing fees to record lows. The shortage is squeezing smelters' profit margins, making it difficult for them to stay afloat. As copper prices approach record highs, smelters are struggling to maintain profitability due to the low processing fees.

Why it matters

A global shortage of copper concentrate is squeezing smelters, forcing them to adjust production and purchases to protect profitability. This could lead to reduced output and higher costs for smelters, negatively impacting their bottom line.

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