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Kaiser Aluminum Corporation press release

Goldman Sachs Says Demand for Copper, Oil Booming in China

NASDAQ - Nasdaq Stock Market

Goldman Sachs has revealed that demand for commodities such as oil and copper in China is booming.The investment bank estimated in a recent note that contrary to its expectations, year-on-year demand for copper, iron ore and oil went up by 8%, 7% and 6% respectively. According to the report, the surging demand for major commodities in China is associated with a combination of property and grid completions as well as robust growth in the nation’s green economy.

China has been a global leaderin the nascent solar industry and installed a whopping 96.6 GW of solar energy capacity in 2022, accounting for...

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Earlier from Kaiser Aluminum Corporation