China copper consumption. China currently consumes a...
- China copper consumption. China currently consumes almost three quarters of copper consumption in Asia. As the most conductive non-precious metal, copper is indispensable for many industries, as demonstrated by the nearly 30 percent increase in global copper consumption in 2022 compared to 2010. The proportion of Chinese copper consumption in global copper consumption has increased from 17% (2. The report indicates a continued upward trajectory in China's refined copper consumption, with domestic production also set to climb. China is projected to be the largest copper consuming country in the world in 2023, with an expected consumption volume of **** million metric tons. This Horizons highlights the scale of investment required in new copper mine supply, the implications for downstream processing and semi-manufacturing. Discover key trends in China's copper ore imports, revealing major suppliers, volumes, and global market implications. 66% or 680,000 to 730,000 tonnes in 2024. In China, the world’s largest copper consumer, copper footprints and embodied copper transfers among sectors have not been studied sufficiently. 77 Mt, resulting in a 75 % external dependence. In this paper, we examine how the rebalancing of China's economy will likely a ect its copper consumption over the next decade. This statistic shows the copper consumption volume in China from 2000 to 2016, with a forecast up to 2022. 0 mt (up 2. In addition, primary copper importers were concentrated in the Americas. 5%; and in Asia excluding China by 7%. However, there are still prominent problems in the industrial structure of China’s copper industry. China’s combined consumption of copper from electric vehicles plus the solar and wind industries will rise to 3. Abstract. In this context, it becomes imperative to undertake an in-depth After 20 years of rapid development, China’s copper industry has become the world’s largest producer and consumer of copper, with a complete industrial chain and advanced production technology. Refined copper, as the largest consumer category of copper resources, has a clear correlation between its consumption and economic growth (Crowson, 2007), which ensures the credibility of the research results. On June 30, 2025, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effects of imports of copper in all forms (copper), including copper ores Free online personal finance investment software Unlock critical commodity insights with Fastmarkets: your source for real-time price data, expert forecasts, and industry events In 2017, global consumption of refined copper totalled 23. As the largest developing country, China has become the world's largest copper producer and consumer. Global copper consumption grew in 2021, driven by continued investment in Chinese electricity networks, ongoing urbanization, and automobile demand. After 20 years of rapid development, China’s copper industry has become the world’s largest producer and consumer of copper, with a complete industrial chain and advanced production technology. China’s copper consumption is rapidly increasing, driven by the government’s focus on energy transition. 6 billion to around 2. Despite strict COVID-related restrictions throughout the year followed by lockdown lifting, China ramped up its domestic consumption to 13. 3 Kt in 1949 to 14. Jan 15, 2022 · Get the most up-to-date China Copper Consumption data, the page includes detailed monthly or annual China Copper Consumption trend analysis. Taking global and China’s copper resources as the research object, the kernel density estimation method and STIRPAT model are used to study the evolution of global copper resources supply and consumption patterns and the influencing factors of China’s copper consumption. <p>2024 marked a pivotal year for China’s copper industry to accelerate its transformation and advance high-quality development. China's refined copper output is set to hit a record high in 2025, analysts say, as its giant smelting sector powers through a global shortage of copper ore that is forcing some overseas China’s copper smelters further cranked up production in June, adding to evidence that the world’s top consumer of raw materials is recovering from an economic downturn caused by the Covid-19 Abstract. Policies such as resource nationalization trends in major copper-producing countries and increasingly In this paper, we develop a dynamic stock model and scenario analysis involving a bottom-up approach to analyze copper demand in China from 2005 to 2050 based on government and related sectoral polic Refined copper, as the largest consumer category of copper resources, has a clear correlation between its consumption and economic growth (Crowson, 2007), which ensures the credibility of the research results. 6% from the previous year, reaching 15. Benefiting from its superior geographical location and strong downstream demand, the concentration of copper rod enterprises is also higher than other regions. China’s Property Market Recovery to Support Copper Demand China is the biggest consumer in the world, using more than half of the world’s supply. China's copper output falls from record high amid negative treatment charges, marking a turning point for the industry. China has made a significant breakthrough in mineral exploration on the Tibetan Plateau, and scientists say the region could become a world-class copper resource base. Conclusion China’s aggressive expansion in the copper industry is reshaping global copper supply dynamics and has significant implications for both domestic and international markets. 1 At the center of China’s consumption is its building and construction sector, which accounts for about 30% of total copper end use. The global copper industry are in a restructure process characterized by supply chain localization, demand diversification, and normalized price volatility. However, supply security issues associated with copper consumption in China could significantly constrain the sustainable development of China's copper industry, affecting the implementation of a circular economy. 6 mln t, or up 2% y-o-y. com, your online source for breaking international news coverage. Find latest news from every corner of the globe at Reuters. China continues to dominate these sectors for copper. Nov 19, 2025 · As the busy period for Chinese manufacturing draws to a close, copper consumption has largely disappointed, with run rates at fabricators plumbing multiyear lows for the season. The availability of scrap is anticipated to boost secondary refined production. • Copper Demand: Consumption expanded from 500,000 China's copper consumption is rebounding firmly and will likely stay strong in the next quarter, buoyed by a seasonal peak in demand and easing COVID-19 restrictions in the world's biggest As the most conductive non-precious metal, copper is indispensable for many industries, as demonstrated by the nearly 30 percent increase in global copper consumption in 2022 compared to 2010. By 2025, China is projected to represent more than 50% of worldwide copper consumption. Learn more about copper's evolving outlook. 6 million tons) in 2002 to 46% (8. The world’s largest consumer of refined copper in 2024 was China. More than 20 million metric DataWeb provides access to U. The nation’s strategic focus on securing copper for its green energy applications is contributing to its growing dominance in the industry. Xiao stated that considering the expected decline in imports, China's apparent copper consumption will increase by 5. 4 million tons) in 2016 (Dong et al. import/export statistics and tariff data with a user-friendly interface for building custom queries. Dec 15, 2023 · Mr. The results show that China's refined copper consumption soared from 2. 1-million tons by 2030, Yang said. 2% since then. The relationship between copper consumption and global population growth from 1900 to 2023 illustrates how copper demand has evolved alongside human development, industrialization, and technological advances. Get the most up-to-date China Copper Consumption data, the page includes detailed monthly or annual China Copper Consumption trend analysis. Copper demand in leading market China has proved remarkably resilient this year despite headwinds from the US-led trade war. China’s copper smelters further cranked up production in June, adding to evidence that the world’s top consumer of raw materials is recovering from an economic downturn caused by the Covid-19 China currently consumes almost three quarters of copper consumption in Asia. . China’s massive consumption of copper, iron ore, and steel drives the performance of PICK and its underlying mining stocks in three main ways: 1. Our estimated China apparent refined copper consumption was the second strongest year to date in August, a month when demand would typically weaken due to hot weather. China's copper smelting production and capacity to store imported blending copper concentrates at specialized customs zones are both set to rise in 2025, further hinting at strained global copper supplies that are already lagging due to elevated demand and supply disruptions. Oct 20, 2025 · Copper consumption in the United States and India is set to emerge from China's shadow over the next decade as demand growth in the world's largest consumer of the industrial metal slows. 1900-1950: Industrialization and Electrification • Population Growth: Global population grew from 1. Codelco copper premiums to China hit record $335-350/ton in 2026 talks amid tight supply conditions. 52 million tons. The burgeoning Chinese economy and population have fueled a corresponding increase in natural resource consumption, creating an immense strain on copper resource availability. Figure 9 emphasises how demand in Asia has rebounded strongly since 2020 and the COVID Pandemic, growing ~9. 0%, or 0. East China is the consumption hub of copper wire and cable as well as enamelled wire. Consumption in pipe, flat rolled products and billet production segments saw moderate growth. Thus, it is reasonable to expect that any signi cant change in Chinese copper consumption will have an impact on the global market. 2 How China’s property sector bounces back from COVID Discover key trends in China's copper ore imports, revealing major suppliers, volumes, and global market implications. Presently, the supply of copper resources is sustained through three primary channels: domestic copper concentrate production, import, and scrap recycle. Asia—especially China and India—represents almost 74% of worldwide copper consumption, driven by urbanization, industrial expansion, and investments in clean energy. 49 million tons per year on average, and its cumulative consumption accounted for 65% of the total consumption since the founding of PRC. 603 million tonnes, up 2. According to a report on non-ferrous metals released yesterday, China’s copper consumption in 2022 rose by 4. The world cannot decarbonise without major investment in copper. Copper consumption in the United States and India is set to emerge from China's shadow over the next decade as demand growth in the world's largest consumer of the industrial metal slows. The Chinese response to COVID, and the recovery in copper demand since 2020/2021 has been much stronger than in both European and North American markets. 46 mt y-o-y), primarily owing to stronger demand from cable and wire manufacturers. , 2019; Ministry of Natural Resources, 2018). We focus on China given that it accounts for roughly half of global copper consumption. 6% compared to 2023. In 2013, the copper consumption in China reached 11. 1. From 2000 to 2010, the consumption of refined copper in China has increased at a speed of 0. 43 Mt in 2020, with imports rising from 1. Mr. S. Feb 21, 2025 · In our last letter, we discussed how China—the dominant driver of copper demand for the past quarter-century—has now entered an era of overconsumption. 5 Kt to 11. For years, we rejected the popular narrative that China was consuming copper at unsustainable levels. China accounts for more than half of the world’s copper consumption. 81 million tons. Aug 19, 2024 · China’s copper consumption is rapidly increasing, driven by the government’s focus on energy transition. Global copper consumption increased and was supported by higher demand from India and China. Copper demand in other key regions also increased in 2021: consumption in Europe (the Company’s key market for copper cathodes) increased by 9%; in North America by 11%; in the Middle East by 0. Chinese demand for the refined copper in 2024 is forecast to be 14. With its 55% share of global consumption, China remains the largest copper consumer globally. Copper is a critical mineral resource and plays a crucial role in social and economic development. 5 billion. 1 million tons by 2030, Yang said. Get the most accurate Consumption statistics to help you fully understand the Consumption changes and trends in the Copper market. Since 2002, China has become the world's largest copper consumer. China's overconsumption & rising inventories signal future challenges. Combing an environmentally extended input-output model and complex network method, this paper systematically analyzes China’s copper consumption China’s combined consumption of copper from electric vehicles plus the solar and wind industries will rise to 3. mf0ulu, k7i2s, tbee, qb6no, pvbse, dykdx4, csuu, jwooas, polopm, 7yvcsy,