Reported about 1 month ago
According to a state-backed researcher, China's copper demand is projected to peak around 2030, with growth slowing due to an easing economy and a shift towards aluminum. While demand from the renewables sector continues to rise, the growth rate is expected to drop to 1.1% in the next five years, significantly lower than the 3.9% seen previously. The evolving dynamics in the copper market include the falling intensity of renewables investment and potential impacts on manufacturing exports.
Source: YAHOO