Production of Copper in China reached 1,699.87 thousand tonnes in 2024
Production declined by a CAGR of 0.79% between 2021 to 2024,and is expected to grow by...
GlobalData projects the production to grow at a CAGR of...
Copper mining in China
According to the United States Geological Survey (USGS), China had the world’s seventh-largest copper reserves after Chile, Australia, Peru, Mexico, United States and Russia.
Consumption and Imports
China’s copper metal consumption held at a significant position. Chinese copper metal consumption grew over the years, underpinned by higher demand from the infrastructure and manufacturing sectors. Despite slowing economic growth in China, the country is focused on developing its rail and electricity networks.
Factors Affecting the Demand for Copper
Global copper consumption increased due to higher demand from China’s construction sector. Simultaneously, consumption increased in Germany and Russia, while it declined in the United States. Global copper consumption increased and was supported by higher demand from India and China. Global copper consumption grew in 2021, driven by continued investment in Chinese electricity networks, ongoing urbanization, and automobile demand. The availability of scrap is anticipated to boost secondary refined production. China is expected to remain the largest producer.
Demand from the automobile industry
Growth in China’s automobile industry will be a predominant factor for domestic and world copper demand through the forecast period. Developments in electric vehicles sales will significantly influence the country’s copper appetite. According to the Australian government’s Department of Industry, Innovation, and Science, on an average majority of copper is used in an electric vehicle, compared with passenger vehicle.
China’s Mining Industry: Fiscal Regime
Governing Bodies
Laws, Regulations, Rights, and Obligations
Law on Safety in Mines
The law on safety in mines focuses on the safety of workers and staff at mines, preventing accidents, and protecting personal safety while promoting the domestic mining industry. All exploitation of mineral resources activities shall abide with this law. Companies must have facilities ensuring workers’ safety. Companies shall also take actions to enhance the working conditions and safety control at mines.
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