China Knowledge reported that Tongling Nonferrous Metals Group Company Limited has plans to trim output due to the high inventory.

According to the official however, the amount of the reduction hasn't been decided yet. The official said that the proposed output cut follows the last round reduction in October, when the company expected to battle the falling prices.

In October last year, the Shenzhen listed company signed a preliminary contract with Australia's resources company PanAust Limited on raw material export.

Pursuant to the contract, Brisbane-based PanAust would provide 80,000 tonnes of copper and gold concentrate, produced by Phu Kham in Laos to Tongling Nonferrous Metals.

(Sourced from chinaknowledge.com)