Chinese copper demand to grow for over a decade, Freeport exec says


China's copper consumption will grow for more than a decade as demand from the world's top user of the metal remains robust despite fears of an economic slowdown, a top executive at Freeport McMoRan (FCX) says.

Worries over slower growth in China, which accounts for 40% of global copper consumption, helped send prices to a 44-month low last week, down 12% YTD.

China's import volumes should remain brisk even if its GDP expansion slows to 3%-4%, while a recovery in the U.S. and European economies also should support copper consumption, FCX believes.

ETFs: JJC, CPER, CUPM

From other sites
Comments (1)
  • lsuavecito
    , contributor
    Comments (2547) | Send Message
     
    The whacky Indonesian gubmint is the fly in the ointment here. No wonder the sudden move to diversify into O/G.
    19 Mar 2014, 12:46 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs