- LME copper spot prices have a positive correlation with the stock price of SCCO.
- China represents 40% of the annual world copper consumption. Copper demand in China is expected to rise by 700,000 tons in 2014 compared to the previous year’s consumption level.
- Copper consumption is a seasonal concern and picks up around warmer weathers as construction increases.
- Energy regulators account for 40% of total copper consumption in China and have been urged to accelerate the approval of high voltage networks.