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A fifth of copper smelting capacity suspended in May, data shows
About a fifth of global copper smelting capacity was suspended in May, mostly for maintenance, data from satellite surveillance of metal processing plants showed. Earth-i, which specialises in observational data, tracks smelters representing up to 90% of global production for its SAVANT service and sells data to fund managers, traders and miners. The company said that an average of 20.8% of global copper smelter capacity monitored was inactive in May compared with 17.4% in the same month last year. “Global inactivity reached 25.4% on 8th May… with seasonal maintenance closures remaining a key feature,” Earth-i ... (full story)