Reported 4 days ago
China is implementing new policies to regulate the rapid expansion of its copper smelting industry, linking capacity increases to the availability of ore supply. While these measures aim to mitigate excessive competition and deflation, the industry's growth is likely only to be paused rather than completely halted. With copper demand remaining strong in sectors like electric vehicles, the government will need to balance capacity control while fostering investment in domestic ore resources.
Source: YAHOO