ICA: China’s Share in Global Copper Demand Keeps Expanding

Published: Sep 18, 2017 11:05

Save

Copper demand in China rose significantly in recent years along with economic growth, said Zhou Sheng, International Copper Association (ICA)’s President for China.

SHANGHAI, Sept. 18 (SMM) – Copper demand in China rose significantly in recent years along with economic growth, said Zhou Sheng, International Copper Association (ICA)’s President for China.

COMEX Long Net Long Positions End Six Weeks of Growth on Surge in LME Stocks

China’s copper demand beat that of the US to become the world number one in 2002.

Will Winter Cuts in “2+26” Cities Hit China Copper Output in Q4 2017? SMM Reports

China’s copper demand was 12.60 million tonnes in 2016, with its share to global demand up from 20% in 2006 to 46% in 2016.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

china copper demand

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

[SMM Analysis] The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product

[SMM Analysis: The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product]

14 hours ago

15 hours ago

BC Copper 2604 Closed Lower with a Wide Trading Range, Pressured by Both Geopolitics and Interest Rate Cut Expectations [SMM BC Copper Commentary]

15 hours ago

Inner Mongolia Approves 500 kV Project, Boosting Ordos City's Power Grid in 14th Five-Year Plan

Recently, the 500 kV transmission and transformation project of Jiri (Kusha II) was officially approved by the Energy Bureau of Inner Mongolia Autonomous Region, marking a good start for the power grid construction of Ordos City in the first year of the 14th Five-Year Plan. The project is located in the territory of Hangjin Banner, with a total investment of 1.52554 billion yuan. It is a key hub project to ensure the output and consumption of new energy power in the northwestern region of Hangjin Banner. The project plans to build one 500 kV substation and about 194 km of 500 k V lines, which will pass through Hangjin Banner and Dalad Banner.

15 hours ago