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Large China smelters to cut 200 000 t spot copper sales in 2016 – source

Nine large copper smelters in China have agreed to cut sales of spot metal by as much as 200 000 t in the first quarter of 2016 to counter low prices, an executive at one of the smelters said late Monday.

The amount is equal to about 10% of China’s first-quarter refined copper production in 2015.