SMM

Operating rates at copper rod producers using copper cathode as raw material rose 4.67 percentage points on the month and 10.54 percentage points on the year to 76.4% in May, according to an SMM survey of 52 producers with a total capacity of 12.73 million mt/year. The average operating rate of large, medium-sized and small enterprises was 78.19%, 75.32% and 60.21% respectively.