Fastmarkets summarizes five key points to take away from the one-day Yantai Copper Industry Forum held on Friday July 12 in China's north-eastern Shandong province.
Copper production disruptions will slow the fall in TCsProduction disruptions at several Chinese copper smelters will slow the decline in treatment and refining charges (TCs/RCs) for copper concentrates, delegates told Fastmarkets at the forum.China's copper consumption growth to slowStrong growth in copper demand in China, in line with the rapid development of its economy over the past two decades, is unsustainable, Hu Changping, deputy secretary general at the China Non-ferrous Industry Association (CNIA), told delegates.Chinese copper consumption surged nearly five-fold to 11.2 million tonnes in 2017, from 1.88 million tonnes in 2000, due to the booming development in major copper applications in the real estate, automotive and transportation sectors.Along with China's stringent regulation of the development...