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Home / Metal News / China to See Slower Copper Consumption in 2016, SMM Foresees

China to See Slower Copper Consumption in 2016, SMM Foresees

Nov 18, 2015 11:44

Source:SMM

China’s copper consumption is expected to grow at a slower pace in 2016, SMM foresees at its annual summit in Shanghai.

SHANGHAI, Nov. 18 (SMM) – China’s copper consumption is expected to grow at a slower pace in 2016, SMM foresees at its annual summit in Shanghai.

“The growth of copper consumption in China will slow to around 2%-3% in 2016”, SMM’s copper analyst told over 500 attendees at SMM summit on Nov. 12-13.

The output of refined copper in China, on the other hand, is expected to increase to 7.9 million tonnes in 2016, the analyst predicts.

Note: All prices above are forecasts for most actively-traded contracts on each market.

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