【March 27, LME Closing: Metal Prices Fluctuate, Zinc Inventory Increases, Institution States Uncertainty in Copper Smelters' Production Cuts】
The China Nonferrous Metals Industry Association held a "Copper Smelters' Forum" to discuss industry self-regulation and production capacity governance issues. The meeting was attended by major executives from 19 domestic copper smelters and leaders from relevant national departments. During the meeting, the participating companies agreed to adjust their existing production line maintenance plans, reduce production loads, postpone the commissioning of new production capacities, and delay reaching production and emission standards.
One research institution stated that China's copper production is expected to increase by 3% this year, which adds uncertainty to smelters' production cuts.

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