By Amy LV and Lewis Jackson
Beijing (Reuters) – The main melting copper across China has begun repairing devices in March, traditionally at the peak of demand, in an attempt to damage the branch damage from the deteriorating deficiency of the main source of vaccine.
Closing the plants in something that traditionally is one of the most crowded times of the year highlights how pain the lack of copper density causes a problem that has become more complicated by the melting of a lot of ability that has sent fierce competition for raw materials and the treatment for treatment below zero.
In a memorandum, Hongywan Ayanz said about 980,000 tons of melting, or 8 percent of China’s total last year, was set for repair in March. Three melted analysts and directors told Reuters that this is a very high amount compared to previous years.
The three-nuclear crew staff confirmed to Reuters that they had started repairing the equipment in March. Another director, “Tongling Nonferrous Metals Group”, which accounted for 13.5 percent of China’s refining copper in 2023, according to two sources, in early March began to repair a month on some melting machines.
Production can be sensitive to China, where many Tunns are involved in regional economies, but as in many industries, from steel to oil refining, the sector suffers from the market’s share of market shares.
The additional capacity of China, the largest supplier of refined metals used in new wire, equipment and new energy technology, is involved in global imbalance in the copper messenger industry.
Analysts say that by closing the equipment to repair, melts hope to reduce the use of copper concentration, reduce the lack of concentration and stop the process of slipping more processing.
Eight analysts and melts who have spoken to him on condition that they are not named, as they do not have permission to speak to the media.
Tongling did not respond to Reuters’ request to comment.
Sources say the industrial problems have highlighted the March 31 meeting on China’s CSPT, which is expected to be discussed, including cutting production.
“There is a significant risk of reducing major production between China this year,” said S&P Global Coordinary Insights.
Analysts say that if the Chinese integrity jointly agreed to cut production, the crop of refining copper is likely to fall, which could lead to more imported China.