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China grid investment will boost copper consumption this year: state research firm

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Grid investment this year is seen pushing copper consumption in the power sector up 8.7% to 4.62m tonnes.

Hong Kong

RECORD investment in China's state power grid is set to boost copper consumption in the power sector this year by around 9 per cent, a state-backed research firm said on Monday, a positive piece of news for a metal languishing near 5-1/2 year lows.

The forecast by

sentifi.com

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