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BLOG: How long Chinese producers can stand rising costs


China's Ministry of Industry and Information Technology released a series of posts on the performance of the country's various industrial sectors including steel, nonferrous metals and some downstream industries such as shipbuilding and machinery manufacturing on January 30, which provided a glimpse of the pressure the downstream industries withstood last year mainly from the soaring costs in their raw materials.
China's annual average price of copper, for example, soared 40.5% on year to Yuan 68,490/tonne ($10,767/t) for 2021, up the most among the four base metals of copper, aluminum, lead, and zinc, mainly on the support of robust demand while limited supply, and the market appears still promising, as copper


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