China weighs curbs on Copper smelting capacity – Commerzbank
|China’s metals body has urged Beijing to curb new Copper, Zinc, and Lead smelting projects, warning that record-low processing fees and industry overcapacity threaten market stability.
China urged to curb new smelter projects
"China’s main metals association has called on policymakers to impose limits on new Copper, Zinc, and Lead smelting capacity as the country grapples with mounting domestic competition and historically low processing fees."
"The China Nonferrous Metals Industry Association submitted proposals to the central government recommending strict controls on new Copper projects, as treatment and refining charges fall to record lows amid overcapacity. If carried out, this would mark China’s most substantial intervention in the base metals markets since capping aluminium production in 2017."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.