China’s copper industry association has revealed ongoing efforts to tackle the issue of surplus smelting capacity that has weighed heavily on the market in recent years. The focus lies on developing targeted policies aimed at streamlining production and bolstering environmental compliance. Key strategies under consideration include capacity caps, phased shutdowns, and stricter monitoring of new projects to prevent unchecked expansion.

Industry insiders emphasize that effective regulation will require a combination of government intervention and cooperation from private sector stakeholders. The association is exploring several measures to achieve a balanced supply-demand dynamic, such as:

  • Implementing production quotas for large-scale smelters
  • Encouraging investment in technological upgrades to improve efficiency
  • Strengthening environmental standards to discourage outdated facilities
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