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China’s reliance on Congo copper growing, say traders
China is forecast to import more off-exchange refined copper this year predominantly from the Democratic Republic of Congo where production of the red metal is booming, said Reuters. Citing analysts and traders, the newswire said on Wednesday the expected surge illustrates the growing reliance of China, the world’s biggest copper user, on refined metal supply from the Congo, now the world’s second-largest copper producer after years of massive Chinese mining investment there. Shipments from Congo are typically equivalent grade (EQ) copper because producers have not paid to register it on an exchange such as the ... (full story)
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- Posted: Mar 12, 2025 4:18pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 105
