Chinese top copper smelters have reached an agreement to jointly implement production cuts at some loss-making plants in response to a shortage of raw material. Each smelter will assess the reductions they want to make. This agreement was made at a meeting in Beijing as fees to process copper concentrate on the spot market have reached their lowest levels in over a decade.
Chinese top copper smelters have agreed to jointly implement production cuts at some loss-making plants due to a shortage of raw material. The specific rates and volumes for the cuts have not been set, and each smelter will assess the reductions they want to make. This agreement was made at a meeting in Beijing as fees to process copper concentrate on the spot market have reached their lowest levels in over a decade.
Chinese smelters, including Jiangxi Copper, Tongling Nonferrous Metals Group, Jinchuan Group, and China Copper, have been expanding their capacity to meet the expected increase in copper demand from green energy sectors
Chinese Copper Smelters Production Cuts Raw Material Shortage Beijing Copper Concentrate Spot Market Green Energy
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