COPPER DEMAND FORECAST OF WIRE AND CABLE - Aug, 21, 2008

China's copper demand from the current structure, the largest share of the power industry, over 50%, mainly used for wire and cable, transformers, switches, connectors, and so on. One copper wire and cable on demand for electric power industry accounted for more than 90 percent.

Large copper cables used in the general use of the nation's total copper of 65 percent to 70 percent. Is expected by the year 2010, China's copper cable industry will amount to more than 10 percent annually by the rate of increase.

It is learned that China's "11th Five-Year Plan" period of the power grid total investment will reach 1.2 trillion yuan, will be added during the 330 kV transmission lines and over 60,000 km. According to quadruple the 2020 national economic development planning goals, the national electricity installed capacity by about 35 million to 40 million kilowatts, and installed capacity of the generating capacity increased by about 10%. Electricity from a construction investment, if installed capacity of 40 million kilowatts a year, then the only pressure in the cross-linking cables need 120,000 km, with copper volume reached nearly 100,000 tons.

In the early 21st century become one of China's pillar industries in the construction industry, wire and cable industry development will also bring opportunities. 2008 Beijing Olympic Games and 2010 Shanghai World Expo will be the two major turning point. According to statistics, before 2008, and Beijing to create 32 competition venues, construction area of 2.43 million square meters, wire and cable needs of the value of 223 million yuan, with copper demand of up to 2,300 tons. In addition, there are 59 to be built Museum of training, hotel, a conservative estimate, the entire Olympic venues in the service of the cable will reach 685 million yuan, copper consumption will reach 7,000 tons. Initial estimates, the 2010 Shanghai World Expo will be the use of copper will exceed the Beijing Olympic Games.