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China's Copper Smelting Growth Moderates: Industry Adaptation or Slowdown?
In a significant shift for the global copper market, China has tempered its copper smelting expansion amid evolving economic dynamics. This change marks a notable deviation from the unprecedented growth that defined the past several years, reflecting a more cautious approach as the industry grapples with fluctuating demand and environmental regulations.
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China Implements Stricter Regulations for New Copper Smelters to Combat Overcapacity
In a decisive move aimed at managing its burgeoning copper industry, the Chinese government has instituted tighter regulations concerning the establishment of new copper smelting facilities. This maneuver, unveiled on February 12, 2025, seeks to address the rampant overcapacity that has plagued the sector in recent years.
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Glencore Engages in Negotiations to Divest Philippine Copper Smelting Operations
Glencore, the multinational commodity trading and mining company, is reportedly in advanced talks to sell its copper smelting unit located in the Philippines. This decision could mark a significant shift in the company's operational focus in the region, particularly given the growing demand for copper amid the global energy transition and increasing interest in sustainable mining practices.
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