Headline: China's Copper Demand to Peak by 2030 - Antaike Report Predicts

Beijing Antaike Information Development forecasts that China's growth in copper demand will slow in the coming years and is expected to peak by the end of this decade. While Antaike anticipates significant growth in demand from the renewable energy sector, a key focus for copper optimists, it also foresees an impact from a slowing Chinese economy and buyers shifting to aluminum.

Antaike analyst Yang Changhua stated that China's demand growth over the five years leading up to 2030 will average 1.1%, down from 3.9% in the five years leading up to 2025. Changhua noted that the copper intensity of renewable energy investments is declining as industries seek to reduce usage or find alternative materials.

Yang highlighted that key risks to the "peak by 2030" prediction include the future strength of China's manufacturing exports or the relocation of factories overseas. He projected that China's total copper consumption driven by electric vehicles and the solar and wind industries will rise to 3.1 million tons by 2030. This amount would account for 26% of the country's total demand, up from 15% in 2023.