Report on Copper (2015) :: IndiaNivesh

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Overview
China's economic growth is on track to fall to a 24-year low in 2014 and is set to decelerate again next year.
Given its widespread use in transportation, manufacturing and construction the copper price is sensitive to
any economic slowdown. Coupled with the fact that China consumes 45% of the world's copper and you'd
expect disaster for the red metal. When you are fixated on rates of change it's easy to lose sight of absolute
numbers, though. While China’s GDP growth is expected to slow to 7% in 2015, which is indeed the slowest
pace since 1990, the country would be adding some $700 billion to gross domestic product (and that’s
excluding Hong Kong). That's greater than the size of mainland China’s entire economy in 1994, when growth
rates peaked at a stunning 30% year-on-year. $700 billion is also bigger than Switzerland’s economy and
worth almost 2 South Africa’s and 4 Newzealand.

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