What is China’s share of global commodity consumption?
From Bank of America Merrill Lynch’s Research Investment Committee:
China is both the largest producer and largest consumer of aluminum and iron ore, and the largest consumer of most other commodities (around 40-50% of copper; Chart 4). In the past 10 years, commodity demand growth in China represented between 50% and 100% of global consumption increases across most major commodity markets.
Bank of America Merrill Lynch
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Author: Sam Ris a deputy editor at Business Insider.
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