China’s expansive, multi-billion-dollar Belt and Road Initiative (BRI) traverses several continents, Southeast Asia to Eastern Europe and Africa – and encompasses major projects in 71 countries. In their pursuit for a global network, it is thought that Chinese firms have secured more than $340bn in construction contracts, according to some estimates.
And as building gets underway, it is expected to have a huge impact on global copper demand from both the new projects built and the resulting economic boost they will provide.
The BRI, according to new research commissioned by the International Copper Association (ICA), is likely to increase demand for copper in over 60 Eurasian countries, pushing it to 6.5 million tonnes (Mt) by 2027, a 22% increase on 2017 levels.
The research, carried out by Shanghai MarchWin Consulting, goes on to predict that the surge in demand will have ramifications across the globe.
Metal Tiger plc (LON:MTR) is listed on the London Stock Exchange AIM Market with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.