SHANGHAI, Sept. 28 (SMM) - Some Chinese copper smelters are expected to delay the commissioning of their build-out this year due to sluggish copper prices, according to wenhua.com.
China-based smelters, such as Western Mining and Guangxi Nanguo Copper, are reconsidering commissioning of new capacities that were expected to come online this year now that copper prices are near a six-year low.
Existing copper capacities are also being cut due to the same reason, which will help arrest further drop in domestic spot copper prices.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: email@example.com or firstname.lastname@example.org.