Metal demand to benefit from China’s power grid investment – ANZ
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Power shortages have re-emerged in China. Strategists at ANZ Bank expect rising power grid investment to support metals demand in China.
“China’s energy shortages highlight the need for increased investment in its power grid. And that could lead to a pick-up in demand for both copper and aluminium, especially the former.”
“We see the markets of both metals going into deficit next year.”
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