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.
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