China’s biggest copper smelters have decided to not set a floor price for second-quarter treatment and refining charges (TC/RCs) for the second straight year.
If three’s a trend, then copper producers awash with cash after a doubling of prices are entering the next phase of the cycle: increased fiscal pressure from their host nations.
Low-speed EVs have not previously been regarded as vehicles that qualify for proper licence plates in China, the world's largest automobile market, but regulators are drafting rules to recategorise them.