China Considers Regulating its Copper Smelting Capacity
China, the world’s largest copper smelter, is exploring measures to impose stricter rules on the expansion of refining output as historically low processing fees continue to squeeze earnings. According to Chen Xuesen, vice chairman of the China Nonferrous Metals Industry Association, the smelting industry’s biggest challenge stems from depressed processing costs, which have been driven down by destructive competition among smelters. The association is a national non-profit body based in Beijing, representing more than 1,000 enterprises in the non-ferrous metals sector. It plays a central role in setting industry standards, promoting green production, and recommending adjustments to manage raw material…
