Metals News
Strong Power Investment to Boost Copper Demand 
industry news
11:58AM
Source:SMM

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.

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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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