Goldman Sachs Sees European Gas Prices Tripling, Gives Price Forecast in H2 2023

According to Polaris Power Grid, in the first year of the 15th Five-Year Plan, as a main force for stabilizing growth and expanding investment, China Southern Power Grid Company, with the mission and responsibility of being "an economic force directly commanded by the Central Committee," has anchored the goal of achieving 180 billion yuan in fixed-asset investment for the full year. It is driving the acceleration of major project construction, improving the efficiency of distribution network upgrades, and enhancing industrial innovation with full vigor, injecting strong momentum into the high-quality development of the economy and society through the "stability" and "progress" of the power grid.

According to Polaris Power Grid, in Q1 of this year, China Southern Power Grid plans to invest over 24 billion yuan in power grid infrastructure construction, an increase of more than 20% YoY. Cross-regional integration projects such as the Hainan-Guangdong grid interconnection and the Hunan-Guizhou power mutual support are accelerating, while a number of projects included in the national major project list are working against tight schedules with clear roadmaps, supporting the "stable trend" of investment growth through the "rapid construction" of major projects.

India’s copper demand rose sharply (~9.3% in FY25) while domestic supply lagged, underscoring strategic vulnerability and the need for diversified sourcing, including imports and recycled copper inputs.