LS MnM weighs copper output cuts as smelting margins collapse

South Korean copper smelter LS MnM may cut copper concentrate purchases to protect profitability as a supply-demand imbalance drives processing fees to record lows, even as copper prices approach all-time highs. The company said Monday it is reviewing plans to adjust raw material purchases and production levels depending on market conditions and processing margins. LS MnM, South Korea’s only dedicated copper smelter, operates the Onsan smelter in Ulsan, with an annual production capacity of 680,

Source: The Korea Herald