China weighs curbs on Copper smelting capacity – Commerzbank

💡 DMK Insight

China’s call to limit new smelting projects is a game changer for metals traders. Record-low processing fees signal a saturated market, which could lead to price volatility in Copper, Zinc, and Lead. If Beijing acts on this, we might see a tightening of supply, potentially lifting prices in the medium term. Traders should keep an eye on how this impacts related markets, especially if we see a ripple effect on industrial metals. The broader economic context, including global demand recovery and supply chain disruptions, will also play a crucial role. Watch for any announcements from the Chinese government in the coming weeks, as they could set the tone for market sentiment and trading strategies moving forward.