New plans to restructure copper industry

In an effort to restructure China's over-invested copper industry, Beijing will raise barriers of entry and close down outdated copper plants, the South China Morning Post reported. The National Development and Reform Commission plans are reminiscent of the recent restructuring of China's steel industry in which large companies were bolstered while the position of smaller firms was weakened. Similar policy is being drafted for the aluminum and smelting industry, according to sources cited by the SCMP.