China copper smelters eye more output cuts as raw material supply tightens
CRU predicts a shortage of concentrate feed globally in 2025 at 1.1 million metric tons of copper-in-concentrate.
China has approved a coal mine project worth 3.1 billion yuan ($458 million) in the country’s Inner Mongolia region, the National Energy Administration (NEA) said on Thursday.
The project has annual production capacity of 4 million tonnes a year, with phase one at 1.2 million tonnes and phase two at 2.8 million tonnes, the NEA said.
($1 = 6.7647 Chinese yuan renminbi)
(By Emily Chow; Editing by David Goodman)
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