Goldman Sachs: China needs honey

The Goldman Sachs said that the construction industry in China greatly increased the demand for metal rolling, especially copper and metal. A large demand has refined copper and semi -finished products, from which the necessary materials for construction are made. Thus, the number of construction projects is growing in China. They are going to complete the construction of social housing, offices and commercial enterprises.

According to the latest Goldman estimates, copper production in the Middle Kingdom continues and is gaining completely new revolutions. In addition, the peak of all the projects begun is at the completion stage, and this requires a lot of copper for wiring and cables. At the beginning of 2013, the demand for copper is expected even more increasing, which by the end of next year can double.

Exchange indicators testified to the fact of a tense copper market in China. There are no latest official data as there, but the picture of growth in industrial production in the country is not yet impressive, experts of the bank’s investment bank said.







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