China 2015 Copper Demand to Reach 12.5 Million Tons, Minmetals

China’s refined copper consumption is expected to reach 12.5 million metric tons in 2015, said chief analyst at China Minmetals Corp. This represents a 79 percent jump from 7 million tons of real consumption this year, according to Bloomberg News calculations based on estimates by the China Nonferrous Metals Industry Association.

Copper prices will stay elevated and volatile in 2012 as the metal continues to be the top pick by funds, according to presentation slides prepared by Minmetals’ Zhang Ronghui for Antaike’s copper conference in Jinan.

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