| Chinese producers of copper, nickel and other materials have agreed to reduce output, aiming to chip away at supply gluts and raise prices as low demand endangers earnings.
Jiangxi Copper and nine other industry leaders agreed in a joint statement Dec. 1 to cut combined output of the refined metal by 350,000 tons in 2016, bringing production more than 4% below the 2014 level. They pledged to close loss-making plants and retire aging facilities as well as to defer expanding capacity for several years...............................................Full Article: Source
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