Reported 1 day ago
In March, major copper smelters in China, facing severe losses due to a shortage of copper concentrate, have begun equipment maintenance during a traditionally high demand period. This unusual decision highlights the pain from overcapacity and fierce competition in the industry, which has driven treatment charges below zero. Analysts suggest significant production cuts may be discussed at the upcoming China Smelters Purchase Team meeting, potentially leading to increased copper imports if refined copper output declines.
Source: YAHOO