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Tiny smelters revive on high copper prices
In the past 10 days, copper prices have risen about 8%. by a steady rise in global copper prices, around 500 small and tiny secondary smelters in India are planning to revive these units to meet rising demand from user industries. A majority of these plants, with a combined capacity of about 250 tonnes per annum, were closed when copper prices slipped below the cost of production about 18 months
In the past 10 days, copper prices have risen about 8%. by a steady rise in global copper prices, around 500 small and tiny secondary smelters in India are planning to revive these units to meet rising demand from user industries. A majority of these plants, with a combined capacity of about 250 tonnes per annum, were closed when copper prices slipped below the cost of production about 18 months
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