Standard Chartered: Global copper demand increased by 1.2% in 2012

Comprehensive media February 7 news, Standard Chartered Bank said that in 2012 global copper demand is expected to increase by 1.2%, even if China's economic growth slows, and Europe and the United States may decline in demand.

Walter de Wet, head of the Commodity Research Department, said copper demand is expected to reach 20.349 million tons, and China holds the vast majority of the share.

It also said that demand is unlikely to support the price of copper exceeded $ 9,000 in most of the year.

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