Copper to Climb on Chinese Demand This Year, Jiangxi Copper Says
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Copper may advance this year as consumption in China, the world’s biggest user of the metal used in wires and pipes, is poised to expand, said Li Baomin, chairman of Jiangxi Copper Co., China’s largest producer.
“Demand growth momentum is strong on expansion of urbanization,” said Li, whose promotion as chairman of the Jiangxi-based company was announced in Beijing on March 4. “Global copper market is expected to be in balance,” he said without giving a forecast for Chinese demand growth.