Standard & Poor's (Standard & Poor's) said in a report on Thursday that it is estimated that the growth of China's copper demand will fall to "moderate" 6-8% in the next few years, while China's copper demand increased by an average of 16% in the previous five years.

Standard & Poor's said in the report, "China's economic growth will be relatively modest, and the government-supported power grid upgrade has been completed, and China's copper demand growth in recent years may fall below its GDP growth rate, but will still It's 6-8%."

In 2010, China’s refined copper consumption increased to 7.6 million tons.

Despite the launch of a new copper project and the launch of a copper refining capacity project, Standard & Poor's expects that copper demand in China will still exceed domestic production.