Industry Analysis & Industry Trends
The performance of the Copper Ore Mining industry in China is largely in line with downstream demand for copper products. Following strong industry revenue growth from 2004 to 2008, the Copper Ore Mining industry experienced negative growth in 2009 due to a plummeting copper price in the fourth quarter of 2008. The average annual copper price was significantly lower in 2009 than in 2008. Industry revenue grew sharply by 42.4% in 2010, owing to the economic recovery and rebounding copper price.
China is currently the largest copper consuming country and second-largest copper producer in the world. However, due to the scarcity of copper ore resources in China, about two-thirds of copper ore used in copper smelting in China is imported.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In each year from 2005 to 2008, industry value added increased much more rapidly than China's GDP, indicating that this industry is in its growth stage. However, a significant proportion of this growth was driven by higher global copper ore prices.
As global copper prices fell strongly in the fourth quarter of 2008, revenue within the Copper Ore Mining industry in China declined sharply by 8.3% in 2009. In contrast to rapid industry revenue growth, domestic copper ore output is expected to increase at an annualized rate of 9.5% in the five years to 2011.
Being the largest copper consuming country in the world, China relies heavily on imported copper ore to supply its copper smelting plants... purchase to read more