Global supply chains are already buckling under China’s rare earth export controls — but an even larger threat is brewing in the base metals sector, where Western smelters are being pushed to the brink by China’s overcapacity and collapsing processing fees
Copper smelters in Namibia and the Philippines have recently shuttered, while Glencore warns its Mount Isa plant in Australia is no longer viable The crisis has prompted urgent calls to save Nyrstar’s zinc and lead smelters and Rio Tinto’s Tomago aluminum operation
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Source and Credit: mining.com
