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China Slashes Key Metals Growth Target Amid Overcapcity Curbs
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China has slashed its annual output growth target for key non-ferrous metals over 2025 and 2026, underscoring a policy shift from volume expansion to efficiency and sustainability.
Production of the 10 main non-ferrous metals, including copper and aluminum, is now expected to rise by an average of 1.5% a year in the period, according to a Ministry of Industry and Information Technology statement on Sunday.
Most Read from BloombergThe scaled-back ambitions reflect Beijing’s push to balance supply security with industry upgrades and decarbonization efforts.
Copper rose as much as 1.1% and was trading at $10,279.50 a ton on the London Metal Exchange at 10:49 a.m. Singapore time.
Other LME metals, including aluminum and zinc, edged higher.