Stellar copper demand from Chinese solar makers seen slowing in 2023.
Copper demand from China’s solar power sector is seen slowing next year after stellar growth in 2022, said consultancy CRU, possibly weighing further on copper prices hit this year by a downbeat global outlook.
Strong demand from solar was backed this year by the building of solar installations, on course to hit a record high, as China brought forward projects planned for future years to 2022 to boost economic growth. An energy shortage in Europe, triggered by the Russia-Ukraine war, boosted the region’s demand for renewable power plant parts this year.
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