Sentences with phrase «copper demand»
The McKinsey Global Institute estimates that primary copper demand could grow by nearly two per cent annually, reaching 31 million tonnes by 2035 — a 43 per cent increase over current demand.
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Weakness in copper demand in China would cause its purchases to fall but could also lead to it selling off inventories and pushing prices even lower.
The users, including fabricators who account for about half of US copper demand as well as London - based trading house Red Kite, said the SEC had insufficient evidence for its conclusion that the launch of the product would not affect supply of the metal.
The McKinsey Global Institute estimates that primary copper demand could potentially reach 31 million tonnes by 2035 — a 43 % increase over current demand.
Speaking to Kitco news on Friday, Ken Hoffman, sector head of global metal and mining for Bloomberg Intelligence said that, «China is in decrease mode [and] we actually think their copper demand, for the first time in 30 years, will actually decline by 2 - 4 %.»