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China's recent surge in copper production is raising concerns about its impact on the global market.
China's recent surge in copper production is raising concerns about its impact on the global market. As China ramps up its mining and refining capabilities, it risks overshadowing other countries' output. The country’s drive for self-sufficiency in crucial raw materials, like copper, is partly a response to geopolitical tensions and supply chain vulnerabilities. However, this production boom could lead to oversupply, driving down prices and putting pressure on copper producers outside of China. This trend may shift the balance of power in the industry, with China solidifying its dominance while competitors face potential challenges in profitability and sustainability.