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2024: Slowing steel production dynamics
2023
China in 1st place in the world in terms of steel production
China develops copper industry and moves to import ore instead of finished metal
In 2023, China is rapidly developing the copper industry, which is changing the global metal flows required for the global energy transition.
The rapid capacity build-up brings a new dynamic to the market, which for 20 years has largely been determined by how much buyers in China are willing to pay. The country will still import increasing amounts of copper, but mostly in the form of ore rather than refined metal.
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