Copper smelting industry reels from threat of tariffs and China rivals

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The story "Copper smelting industry reels from threat of tariffs and China rivals" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

Copper smelting industry reels from threat of tariffs and China rivals - Financial Times

Quick Summary:

Traders warned that Pasar may be the first of a string of smelters outside China that are forced to shut down because of depressed fees caused by the capacity oversupply.

Iván Arriagada, chief executive of Chilean copper miner Antofagasta, told the Financial Times in February that he expected conditions to remain as they were “for some time”.

The copper smelting industry is under growing pressure as plants around the world struggle to compete with the scores of newer factories in China offering cheap production of the red metal.