China’s copper demand likely to improve in Q4 as grid investment speeds up - CORRECTED

Refined copper demand in China could pick up in the fourth quarter of this year due to accelerating grid investment, Metal Bulletin has learned.

China’s spending on its electricity grid rose by 36.06% month-on-month in September to 44.9 billion yuan ($7.06 billion), according to data from the China Electricity Council. Grid investment in the first eight months of 2015 was slow, raising questions in the market about whether China will able to achieve its investment target set for the year. China’s power sector accounts for more than 40% of the country’s copper consumption, so capital spending by the major grid companies is an...

Published

Kiki Kang

November 03, 2015

02:50 GMT

Shanghai