China Tightens Grip on Copper, Key to World’s Energy Transition
- Nation’s booming new-energy sectors fuel metals demand
- Rapid expansion of capacity a focus for Asia Copper Week
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China is in the midst of a breakneck expansion of its copper industry that’s reshaping global flows of the essential metal for the world’s energy transition.
The Asian nation’s grip on the supply of other green metals like lithium, cobalt and nickel, used in electric vehicle batteries, has already prompted worried Western governments to encourage separate supply chains. Meanwhile, China’s production of refined copper — and its share of world output — is heading for a record this year after a burst in construction of new smelters.