In August, major Chinese zinc smelters had agreed at a meeting to adjust planned maintenance on production lines and postpone commissioning of new capacity.
Demand from the new energy vehicles, solar, wind and China's grid investment remains resilient; and copper is also benefiting from high-growth industries such as the data centres for AI and defense needs.
The project is part of a plan to fill China’s unused desert land with clean electricity generation and transport it on long-distance transport lines to densely populated cities.