The world’s second largest zinc producer said it would cut production by up to 50% at its three European smelters from Wednesday.

Nechako River First Nations hope for a compromise that would restore river flows without having to remove the Kenney Dam and shut down Rio Tinto’s aluminum smelter in Kitimat, British Columbia.

Global copper production has expanded with populations and economies, especially in China, which consumed 54% of the world’s refined copper in 2020.

Major mining companies are looking to invest in countries they previously considered too risky.

Power shortages and factory slowdowns did not stop copper from rallying to its highest levels since the beginning of August.

The Zonia acquisition will give World Copper an advanced asset in the US.

Copper supply has a habit of not performing to expectations.

Company said it will cut production by up to 50% at its three European smelters due to the soaring price of electricity.