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China’s Copper Production Boom Threatens to Crowd Out the Rest of The World
Chinese copper smelters are facing pressure to rein in an expansion that’s pounding the industry’s profitability. The viability of plants across the globe may be at stake. The top consumer of copper globally is on track to produce about half the world’s refined metal this year after a frenzy of smelter construction to secure supplies crucial to the energy transition. The boom in capacity has continued despite cutthroat competition for scarce raw materials that is crushing margins everywhere. China’s excesses threaten the future of copper refining beyond its borders, said Grant Sporre, head of metals and ... (full story)
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- Posted: Nov 11, 2024 11:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 168
