Insight
How will Xiongan New Area affect metals demand in China?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Chinese government announced plans to create Xiongan New Area, a state-level new area south of Beijing. Although a detailed plan has yet to be released, we believe the development of Xiongan will require significant investment in infrastructure and other construction over the next 10 years. We have forecast how much metals demand Xiongan’s creation will add by comparing it with the development of similar zones in China, such as Shenzhen, Shanghai’s Pudong and Tianjin’s Binhai areas. Our base case estimate is that Xiongan will add around 20 Mt of steel demand, 400 kt of aluminium demand and 250 kt of copper demand during the first 10 years of its establishment.
Table of contents
- Executive summary
-
Where is Xiongan New Area?
- Xiongan New Area map
- How important is Xiongan New Area?
-
What are the implications for metals demand?
- Xiongan New Area in comparison with similar new areas in China
- Risks
Tables and charts
This report includes the following images and tables:
-
How will Xiongan New Area affect metals demand in China?: Image 1How will Xiongan New Area affect metals demand in China?: Table 1Metals demand created by Binhai New Area
What's included
This report contains:
Other reports you may be interested in
Insight
Focus on China oil demand: Is it growing or not?
Oil market sentiment in H2 2024 is weighed down partly by expectations that demand in China is not growing this year
$1,350
Commodity Market Report
Macro Oils short-term outlook: September 2020
One step forward, two steps back as demand stumbles and OPEC+ increases.
$2,000
Insight
Diesel/gasoil weathers the Covid-19 demand storm
How did global diesel/gasoil demand fare in 2020, and what is the road ahead for 2021-2025?
$900
