China copper smelters plan to cut output after margins fall
The output cuts underscore the industry’s struggle with a shortage of feedstocks caused by recent mine production setbacks.
Australia’s Genmin signed a memorandum of understanding with China’s Hunan Valin Steel to sell and deliver 2.4 million tonnes per annum of iron ore products for two years from its Baniaka project in west Central Africa, the iron ore miner said on Friday.
(By Ayushman Ojha; Editing by Anil D’Silva)
Comments