SHANGHAI, Sept. 18 (SMM) – Copper demand will benefit from China’s heavy investment in power sector, said Zhou Sheng, International Copper Association (ICA)’s President for China.
China’s power grid investment totaled 540 billion yuan in 2016, over 60% of total power investment.
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China will invest 1.7 trillion yuan in power distribution during 2016-2020, which will further lift copper demand.
Besides, copper use in power source side will also grow along with development of new energy vehicle market.
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