Future Copper Demand to Be Driven by the US and India
The consumption of copper in the U.S. and India is forecast to grow and come close to the consumption in China over the coming ten years as the use of the red metal in China slows down. China’s infrastructure and industrial expansion was instrumental in driving up the price of copper on the world market from about $1,500 quarter a century ago to the current approximately $10,000 for each ton. Analysts expect Beijing to retain its top spot among copper markets during the coming ten years and even beyond, but they expect that other price and demand factors will play…
