MMC Norilsk Nickel PJSC, Russia’s biggest miner, is in advanced talks to build a large copper smelter on China’s south coast, according to people familiar with the situation.
The plant, to be located in the port city of Fangchenggang in Guangxi region, would produce 500,000 tons of refined copper a year using concentrate shipped from Russia, said the people, who asked not to be identified as the information is private. They described the move as an effort to move the final processing step closer to the world’s largest metal market.
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