China to rein in copper, alumina capacity expansion under next five-year plan
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China's NDRC plans to tighten oversight on copper and alumina projects from 2026-2030 to curb irrational investment and expansion. Local governments must align approvals with national policy, considering regional differences. The plan encourages mergers and overseas mining investments. China, a major producer and consumer, aims to prevent overcapacity. Recent production figures show record outputs, with copper and aluminum prices hitting highs. Major firms like Jiangxi Copper and Aluminium Corporation of China saw significant stock gains.
Source: Reuters The copyright of this article belongs to the original author/organization.
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