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18 Mar
14:50

COPPER: China’s own production only covers 16% of its demand

China’s dependence on foreign miners for its copper supply is a major concern for the country, which controls a major chunk of the battery and electric vehicle manufacturing market, Wood Mackenzie said on Thursday. A new report by the British consultancy firm estimates that China only owns 16% of its copper needs through domestic and overseas equity production of mined copper, despite a decade of Chinese investment in overseas copper assets. That means it&r…
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