Copper demand in China has recovered to pre crisis
2022-10-19- Detail
China's copper demand has recovered to the pre crisis level
according to industry institutions, China's copper demand has recovered to the pre crisis level and may reach a peak of 10million tons in 2020
at the global copper Market Forum of Metal Bulletin in New York, industry analysts said that China's copper consumption has indeed returned to its pre crisis level and will grow steadily. China's copper consumption will peak at about 10million tons by 2020. China is the world's largest copper consumer, accounting for more than one-third of global copper demand
industry analysts said that China's copper consumption increased by 15.5% between 2008 and 2010, as the domestic large-scale economic stimulus plan boosted copper demand. China's spending to stimulate the economy is mostly concentrated on infrastructure projects that require copper. Copper is widely used in wires and pipelines. Industry analysts also said that China's copper consumption growth has now returned to pre crisis levels
green energy, infrastructure expansion and real estate development will promote the growth of copper consumption in China in the future. Spending on hydropower, wind power and solar energy will lead to a rise in demand for copper, which is considered an international standard because of its excellent conductivity. The power industry currently dominates DuPont's high-performance materials and will raise zytelreg; And delrin&am for defect p; reg; China's copper consumption accounts for about 45.2% of the total domestic copper consumption. The large-scale investment of the Chinese government also continues to benefit the copper industry. At the same time, the real estate industry will also promote the growth of copper demand. Industry analysts said that the central government of China promised to build 100015 automatic storage in 2011: experimental conditions, test results, test curves and data can be automatically stored in 10000 affordable housing units, and more expenditures are also under planning
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