Why Is China Important For The Global Copper Industry ?
China is the world’s largest consumer of copper in the world, accounting for around 40% of the global consumption of the metal. However, China only accounts for around 10% of the world’s mined copper production. Thus, the country has to import a significant portion of its copper requirements, and is a major determiner of the global demand for the metal and therefore, its prices.
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Have more questions about Freeport-McMoRan? See the links below.
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Freeport-McMoRan
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