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China's copper industry has undergone rapid expansion in recent years, with substantial investments in smelting capacity that now exceed domestic demand for refined copper. In Fangchenggang alone, China's state-owned Jinchuan Group operates a 600,000-ton smelting facility, raising questions about the need for an additional large-scale plant ...
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WhatsApp: +86 18221755073Market players should prepare for changes in copper pricing and impact on firms in the copper trade. The bigger picture: China's copper policy shift signals global realignment. Boosting domestic processing power, China is enhancing its grip on the copper market, possibly reshaping trade relations and dependencies.
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WhatsApp: +86 18221755073(Yicai Global) Oct. 21 -- Shares of China Nonferrous Metal Industry's Foreign Engineering and Construction, also known as NFC, soared after the leading engineering contractor said it had signed a USD2.3 billion deal to build a copper processing plant in Kazakhstan for a mining project controlled by Kazakhstan's Kaz Minerals.
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