BHP said copper is the engine driving its growth, projecting global copper demand will rise from about 34 million tonnes per year today to more than 50 mtpa by 2050. The miner also expects China to continue producing about 1 billion tonnes of steel this decade, and sees India as the fastest-growing major economy.
Sentimentbullish 65
Bullish · 65 of 100
Impact30
low · stays off the top drivers
Confidence70%
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Eventdeveloping
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BHP SAYS COPPER IS THE ENGINE DRIVING ITS GROWTH, WITH COPPER DEMAND ALONE SET TO GROW FROM ABOUT 34 MTPA TODAY TO MORE THAN 50 MTPA BY 2050, AND EXPECTS CHINA TO CONTINUE PRODUCING ABOUT 1 BTPA OF STEEL THIS DECADE, WHILE INDIA IS EXPECTED TO REMAIN THE FASTEST-GROWING MAJOR ECONOMY.
Bhp: copper is the engine driving its growth, with copper demand alone set to grow from about 34MTPA today to more than 50MTPA by 2050, and expects China to continue producingbullish 60 · impact 20 · this page
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