China’s major copper smelters have vowed to reduce purchases of concentrate this year as the country seeks to curb its carbon emissions, according to a state-run research firm.
The 15 largest smelters have agreed to trim purchases by 1.26 million tons, equivalent to around 300,000 tons of the metal, a statement posted on Saturday by Beijing Antaike Information Development Co. showed. That’s down 8.8% from a year earlier. The companies are “responding actively” to help the government reach its carbon neutral goals, according to the statement.
