China's demand for major commodities like oil, copper and iron ore has been growing at 'robust rates,' Goldman Sachs said.
China's demand for many major commodities, has been growing at "robust rates," Goldman Sachs said in a recent note.China's demand for many major commodities has been growing at "robust rates," Goldman Sachs said in a recent note.
"This strength in demand has largely been tied to a combination of strong growth from the green economy, grid and property completions," the Goldman report observed. Goldman's economists attributed China's green copper rush largely to its onshore solar installations, which in 2023 so far have "amounted to the level of all previous years' installations."He Huawen | Visual China Group | Getty ImagesAccording to data collated by Goldman Sachs, China's green copper demand rose 71% in July from a year ago.
China's oil demand has also been rising on the back of a "rapid recovery" in oil-intensive services sectors such as transportation, although the analysts said a dip could be on the horizon.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's demand for oil and copper is ‘booming,' says Goldman SachsChina’s demand for major commodities like oil, copper and iron ore has been growing at “robust rates,” Goldman Sachs said.
Read more »
Goldman Sachs names 6 global stocks to play the energy transition — giving one over 90% upsideGoldman Sachs says one sector is the 'largest source of renewable energy in the world.' Here are some of its top stock picks.
Read more »
Why is China taking back its giant pandas from the US, other countries?China is collecting its giant pandas on loan to zoos in the United States and other countries in what foreign policy analysts say is a possible change in its approach to
Read more »
China’s Economy Picks Up Steam for HolidayChina’s economy is showing signs of perking up after months of anemic growth.
Read more »
Maldives vote begins amidst India-China geopolitical influenceJust over 282,000 people are eligible to vote in a country sitting in a strategically vital position in the middle of the Indian Ocean, astride one of the world's busiest east-west shipping lanes.
Read more »