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Jiangxi Copper’s subsidiary, Shandong Humon Smelting, has halted production at its facility in Shandong province following a tragic accident involving its copper furnace. The incident, which resulted in three fatalities and fourteen injuries, has prompted the company to suspend operations while an investigation is underway.
The accident occurred due to an unexpected spill from the plant’s side-blown copper furnace. The specific date of the incident has not been revealed. Shandong Humon Smelting, a significant player in the copper industry, reported producing 203,023 metric tons of copper last year. The company’s annual output reflects its substantial role in the global copper market.
Jiangxi Copper, a major player in the copper industry, took control of Shandong Humon Smelting in 2019. The suspension of production at Humon underscores the gravity of the situation and the company’s commitment to addressing safety concerns.
The halt in production is expected to impact the company’s supply chain and financial performance. As the investigation progresses, Jiangxi Copper will likely implement measures to enhance safety protocols and prevent similar incidents in the future. The company has not yet provided further details on the accident or the anticipated duration of the production halt.
The suspension comes at a time when the copper industry is grappling with fluctuating market conditions and heightened scrutiny on safety practices. Jiangxi Copper’s proactive approach to addressing the accident will be crucial in restoring operational stability and maintaining stakeholder confidence.