Mawson West Ltd Ord MWSWF

Chinese State Grid Going to Put Copper Demand Back on Track

[NycePrice]

Chinese State Grid plans to boost investment by 24 percent this year, according to the state-run Xinhua news agency.

"The aggressive targets announced reinforce our expectation of strong copper (and aluminium) demand growth from the Chinese power sector," Citi analyst Ivan Szpakowski said in a note.

"Chinese copper demand should outperform overall economic growth in 2015 and help drive higher copper prices from Q1 lows."

https://www.reuters.com/article/2015/01/16/markets-metals-idUSL6N0UV1N020150116

[NycePrice]

China State Grid Corp. will spend about 400 billion yuan ($65 billion) this year on its electricity networks as the nation, which last month reached a deal with the U.S. to curtail fossil fuels, copes with an unprecedented influx of clean energy and higher demand. Spending will need to be maintained at current levels for the next five years to accommodate higher electricity consumption and