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China’s Renewable Energy Buildout Will Boost Copper Demand

From oilprice.com

Amid warnings from experts that the copper market should brace up for a supply squeeze, China’s demand for the metal is set for growth despite a slump in housing construction. According to data from CRU Group, the growth will come from EVs and renewable energy installations, Bloomberg reports. The total demand rise won’t be a huge one, at 0.8 percent for this year, to 15.55 million tons, but growth from the auto and energy sector—specifically transmission—will be a more sizeable 4 percent, the data showed. At the same time, demand from the construction industry will shed 4 percent. Last month, analysts from ANZ ... (full story)

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  • Category: Fundamental Analysis