Monday, September 19, 2011 7:14:03 AM
291 times viewed. Saturday, 17 Sep 2011Reuters quoted an official from the China NonFerrous Metals Industry Association as saying that China's apparent consumption of refined copper will rise by nearly 40% to 8.5 million tonnes per year by 2015.
Mr Zhao Bo director of the association's copper department said that "Despite the prospect of a slowdown for major economies around the world, we believe real demand for copper in China will remain strong as the domestic economy continues to develop.
Mr Bo said that the country's current refined copper demand was 6.2 million tonnes. The government will continue to modernize rural areas, which will increase demand for all sorts of electrical household appliances. Refined copper smelting capacity was expected reach 6.5 million tonnes per year in 2015 from about 4.8 million tonnes this year.
He added that the shortfall between real demand for refined copper and the country's total smelting capacity would in turn widen the need for copper imports.
(Sourced from Reuters)
FEATURED Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • Apr 22, 2024 8:49 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM