China’s zinc smelters have agreed to jointly reduce production. According to a report by Bloomberg on August 22, 14 smelters reached an agreement during an industry meeting organized by the Chinese state research agency, Beijing Antaike Information, held in Inner Mongolia. The agreement is to reduce the annual procurement of zinc concentrate by approximately 1 million tons from the initial 2025 plan. As China produces about half of the world’s refined zinc, this decision could have global repercussions.

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