China, the world’s largest copper smelter, is exploring measures to impose stricter rules on the expansion of refining output as historically low processing fees continue to squeeze earnings. According to Chen Xuesen, vice chairman of the China Nonferrous Metals Industry Association, the smelting industry’s biggest challenge stems from depressed processing costs, which have been driven down by destructive competition among smelters. 

Whether through regulation, consolidation, or global partnerships, China’s next steps will be closely watched by many, including entities like Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), as the industry adapts to a new era of…

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