Xstrata Mining: Global Demand for Copper to Surge to 3.1% in 2012

Fox Business reported that according to Xstrata Mining, the global demand for copper is likely to surge to 3.1% in 2012, driven by a 6.8% increase in China’s demand.

As quoted in the market news:

Speaking at Asia Mining Congress 2012, Xstrata Copper’s Chief Operating Officer for North Queensland, Steve De Kruijff said the company sees copper demand holding up well in 2012 as a result of continuing Chinese industrialization.

Click here to read the full Fox Business report.