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Supply side: new projects in Africa and South America
The market research company BMI Research (BMI) predicted in the “Global Industry Overview” of the copper market research report released in March that there will be positive growth in the African copper industry in the future. In addition, as prices continue to rise, the development of African copper mining projects will rebound. In Congo (Kinshasa), Botswana, Namibia and South Africa, new copper projects are underway, which indicates that the copper mining industry will continue to grow in Africa. The average annual growth rate of the copper industry is expected to be 3.6%.
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