China’s new infrastructure plan to boost metal demand – report
China’s acceleration of its ‘new infrastructure’ plan will support the government’s beneficiation ambition in the metals industry, boosting production of high-end metals as opposed to primary metals, industry analyst Fitch Solutions finds in its latest report. Despite this being a long-held strategy as part of the Chinese government’s shift away from export-oriented growth and the pivot towards domestic consumption, the focus on high-tech infrastructure has been more concerted in 2020 following a slowdown in economic activity arising from the covid-19 pandemic as well as heightened tensions between the US and China, the…
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