With steadily growing copper consumption in China and increasing prices, industry revenue is expected to soar by 40% in 2011.
Los Angeles, CA (PRWEB) November 08, 2011
Copper prices increased dramatically during the first half of 2011, but declined sharply in the third quarter due to concerns of slowing economic growth and a debt crisis in Europe. However, with steadily growing copper consumption in China and increasing average prices during the year, Copper Smelting industry revenue is expected to soar by 40% in 2011, according to analysis by IBISWorld.
With improving economic conditions in China and around the world and with strong price increases, China's Copper Smelting industry rebounded strongly in 2010 with industry revenue growth of 48.2%. The Chinese Government's investment package to stimulate the economy is expected to have positive effects on China's power, transportation, construction and manufacturing sectors, which will in turn boost industry demand. Due to strong domestic demand and scarcity of copper resources in China, imports remained an important source to supply the domestic market.
Benefiting from the expanding domestic demand, the Copper Smelting industry in China is expected to grow steadily in the five years through 2016, with industry revenue forecast to increase at an annualized rate of 17.5% to US$212.3 billion.
For more information visit IBISWorld’s Copper Smelting in China report
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The Copper Smelting industry in China consists of companies that extract copper from copper ore or copper scrap, by smelting, refining or electrolyzing. This industry also includes the production of copper-based alloys during copper smelting.
Provisional storage of logs
Short-distance transportation of logs
Copper Smelting Industry Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.