Copper Demand in China Forecasted to Rise in 2015

China’s consumption of refined copper is expected to rise by at least six percent in 2015, with investment in power networks and demand from rail projects fueling the growth.

According to Reuters:

The power sector is the country’s top copper user. Investment in new power networks had been expected to rise more than 10 percent in 2014 fell 0.6 percent in the first half from a year earlier, raising expectations that more orders would be placed between the fourth quarter and early next year.

“In China, big (infrastructure) projects usually are started in the third year of a government. Next year is the third year to the current government,” said an executive from a state-owned copper producer, who declined to be named because he was not authorised to talk to media.

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