Amid a hot market for copper, China's smelters are jumping in on a profitable niche business dominated by traders.
Eight major copper smelting and mining companies - China Gold, China Copper, Baiyin, Daye, Yantai Guoxing, Jinchuan, Minmetals and Nanguo - are lobbying for licenses to import and process complex concentrate, Fastmarkets has learned.It also has the potential to disrupt business models of major commodity traders, who are currently able...