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In the future, in the next two to three decades, China will be able to achieve self-sufficiency in copper through the recycling of copper resources. In the future, in the next two to three decades, China will be able to achieve self-sufficiency in copper through the recycling of copper resources.
China is the largest producer and consumer of electrolytic copper in the world. However, China is extremely poor in copper resources. Its self-sufficiency rate is less than 30% and it has been expanding year by year. It is also the largest importer of copper. Most of the traditional imports come from South America, Mongolia, Africa and Australia.
Good natural properties of copper is unmatched by other industrial products and agricultural products, not only has a good natural properties, but also has a strong financial properties and hedging function, as a strategic material, has been traded as a warehouse receipt and inventory of countries in the world The preferred species of financing. The existence of copper financing trade is also one of the external manifestations of its financial attributes.
In view of this, copper imports are generally regarded as one of the benchmark for the growth rate of China's economy. Many investment banks in the world directly or indirectly participate in the copper market in the Chinese market and operate through large traders with a cashier background.