Pan Pacific Copper says Chinese Demand to Increase

Bloomberg reported that Japan’s Pan Pacific Copper Co. is anticipating China’s demand for copper next year will grow between 4 and 5 percent, buoyed by need for infrastructure and transportation.

As quoted in the market report:

Production will exceed demand and leave a “small surplus” of about 200,000 tons next year, he said. This year’s shortage may come to 50,000 tons, he said. China accounts for 41 percent of global copper demand, Barclays Plc estimates.

To view the whole Bloomberg report, click here.