It is a truth universally acknowledged that the surge in Chinese demand over the past decade has driven the copper price higher but in this Insight we reveal that the Chinese stock cycle plays an important role in movements on the LME. We also explain arbitrage and how all these factors interplay. During the period 2004 to 2012 Chinese consumption grew by 5.2Mt or at an average annual rate of 13%, while demand in the Rest of the World actually contracted.
Table of contents
Tables and charts
This report includes 6 images and tables including:
China's share of copper stocks and the copper price