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Following Ukrainian drone strikes on Russia's sulphur production, China's copper smelters saw a significant increase in profits from sulphuric acid, which nearly doubled in price. This surge, delivering an estimated $1.5 billion boost to smelters amidst declining traditional smelting fees, has led to concerns about market volatility. Analysts warn that dependence on acid as a primary profit driver poses risks, especially as prices are expected to decline due to demand destruction and increased domestic supply restrictions.