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Anglo American CEO: Global Copper Demand Seen Up 5-6% Annually
LONDON, Jul 30, 2010 (Dow Jones Commodities News via Comtex) -- Global copper demand is expected to grow 5% to 6% a year in the near to medium term, buoyed by strong Chinese demand for the red metal, the chief executive of Anglo American PLC (AAL.LN) said Friday.
"We see copper prices up today and we are very bullish, driven first by China which [consumes] 34% of copper" worldwide, Cynthia Carroll said in a call with reporters.
Chinese copper demand is expected to grow 8% to 10% annually, she added.
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