[Copper Market Information] The Demand For Recycling Of Copper Has Increased Significantly, And The Supply Of Recyclable Copper Resources Is Short.
Copper Market News
1. [ Ya'an: County's ambition is building a 10 billion copper and aluminum industrial cluster ] According to media reports, in Park, Ya'an Economic and Technological Development Zone, Ya'an Junhe Co., Ya'an Economic and Technological Development Zone , Ltd. mainly produces 3 to 8 mm copper rods with an annual production capacity of 120,000 tons, and has listed private enterprises in Sichuan for two consecutive years in the top 100. A 10 billion copper and aluminum industrial cluster is being built and the industrial parks of the Economic and Technological Development Zone are being used as a platform, which is committed to establishing the largest non-productive metal trading center in the western region. We will strive to build the park into the largest copper-aluminum circulation industrial foundation in the southwest region, which integrates the production end, trade platform, downstream industrial chain, etc.
2. [ BHP Billiton: By 2030, it may take $250 billion to meet the mining company BHP chief commercial officer Pante said at the Financial Times Global Commodity Summit (FT) that as much as $250 billion in mining investment may be required by 2030 to meet the needs of the mining company BHP chief commercial officer Pante said at the Financial Times Global Commodity Summit (FT) that up to $250 billion in mining investment could be needed to meet the needs of the 2030 China National Economic Co., Ltd. Increased copper demand caused by energy transition. "We think it may take $250 billion in capital expenditure from now to 2030," BHP said in the Energy Transformation Mining Group. But she added that whether there is enough investment depends on whether the copper price is high enough.
3. [ The demand for recycling copper has increased significantly, and the supply and demand for renewable copper resources is short . The world includes about 10 million tons of self-produced electrolytes and 6 million tons of imported electrolytes. copper. Of the 10 million tons of electrolytic copper raw materials, 70% of the raw materials also depend on imports. When my country's copper ore resources are not abundant, improving the recycling and utilization efficiency of recycled copper has become an inevitable requirement for the healthy development of the industry. Industry insiders introduced that since the beginning of this year, the domestic manufacturing industry has recovered, the number of orders in the copper processing industry has increased significantly, and the demand for raw materials is increasing, while domestic renewable copper resources are facing supply shortages. Experts say that the current characteristics of my country's copper recycling industry are small and scattered, with multi-stage recycling and layer-by-layer conduction. The recycling efficiency of copper recycling is not only difficult to improve, but also gradually improves the price, resulting in high costs for downstream copper processing plants.
International Finance
1. [ The Fed announced a 25 basis point interest rate hike, reducing U.S. GDP expectations over the next two years ] The Fed announced a 25 basis point interest rate upgrade, raising the target range of federal funds rate to 4.75% to 5%. In line with market expectations, the Fed raised interest rates by 25 basis points. The resolution statement said: The U.S. banking industry is healthy and resilient, but many bankrupts delayed growth. The Fed lowered its GDP growth in 2023 to 0.4%, and is expected to increase by 0.5% in December. U.S. GDP growth rate fell to 1.2% in 2024 and is expected to grow by 1.6% in December. U.S. GDP's 2025 growth forecast rose by 1.9%, and is expected to grow by 1.8% in December. The U.S. GDP growth rate, which lasts longer cycles, is expected to be 1.8%. The Fed raised its 2023 PCE inflation forecast to 3.3%, which is expected to be 3.1% in December. PCE inflation forecast for 2024 is 2.5%, the same as December. PCE inflation forecast for 2025 is 2.1%, the same as in December and remains unchanged at 2.0%.
2. [ The Fed raises interest rates again. Former Labor Secretary criticized "fire": According to US Newsweek's local time, the financial system will fall into chaos . Former U.S. Labor Secretary Robert Reike warned on the same day that the Fed's move was "fire" and that another move to raise interest rates would lead to the United States in "financial chaos." Reike posted on social media that day that rate hikes will once again have the worst impact on low-paying workers and the poor, who have been hit hard by the high prices. Higher interest rates may also harm more banks plastic cnc machining cnc machining factory and cause chaos in the financial system. "The Fed is playing with fire."
Family finance
1. [ Global foreign investment fell 40% last year, and China's growth in trends was 4.5% ] According to Beijing Daily, on March 22, the Beijing International Investment Cooperation Seminar was held in the Leeds Commercial District of Vantai, with the government and the government. More than 360 people from Chinese institutions, Beijing's business associations, overseas investment enterprises and other institutions, international organizations and many countries attended the meeting. It was learned at a press conference that China's attracting foreign investment increased by 4.5% in 2022, with the attractiveness of manufacturing investment greatly increasing. “Under the backdrop of a 40% decline in global foreign investment last year, China’s trend of attracting foreign investment increased by 4.5%!” Liu, executive vice president and secretary general of the China Association for International Investment Promotion, immediately reported the good news after taking office. .
Industry projects
1. [The first intelligent transmission line was successfully put into operation with a total length of 102.394 km] Recently, with the completion of the Power Grid, the first intelligent transmission line of the province's Grid-500kV Line II technology transformation project has been completed. It is reported that the project is located in Dafan Mountain Village in Yangkui County, with a total length of 102.394 kilometers. The operation of the project is to remove the original five transmission towers, build 4 new transmissions and a 2.685km transmission line. The newly built tower optimizes basic positioning and line design, further ensuring the safety of railway driving and the safe and stable operation of power lines.
2. [The 500 KV digital grid starts construction by the end of June this year] At BOAO New Power Forum 2023 held at BOAO on March 22 , Power Grid said it is fully promoting the construction of a new demonstration province for power systems and plans to be held this year 6 Construction of a 500 KV digital grid will begin before the end of the month . The investment scale of the project is approximately RMB 5.2 billion. After completion, Hainan will become the first province in the country to obtain a 500 kV provincial digital grid.