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JJCTF - The Importance Of Copper In China's Economy
iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
By Sachin Patel
At A Glance
China consumes half of the world's copper, and the country's factory activity in August reached its highest level since 2011
China's switch to renewable energy systems is likely to be a key demand driver for copper moving forward
Copper prices have rebounded strongly since hitting an 11-year low in March. After briefly trading below $2 per pound, the metal has recovered 50% of its value, as demand from China soars and COVID-19 hits supply from South America.
Rising Demand, Falling Supply
China's manufacturing and construction sectors, which consume around