Projections based on China’s 13th five-year plan show the potential for around 16% growth in Chinese copper demand. Research conducted by the All China Marketing Research Co., Ltd., commissioned by the International Copper Association, looked at six key markets for copper. This represents over 50 percent of total market demand in China including building construction, power infrastructure, transportation, home appliances, electronics and manufacturing.
The ambitious goals established by China’s five-year plan point to future opportunities for copper. To meet the expected GDP growth of at least six and a half percent and an anticipated doubling of personal income of its citizens, the Chinese government will invest in a range of areas from transportation to building infrastructure.