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According to the data released by Cochilco, the copper industry committee of the Chilean government, between 2005 and 2010, China's copper demand will grow by 8% on average every year, while India's demand will grow by 5% on average.
Chile is negotiating a trade agreement with the two countries, which may reduce the export tariff of refined copper, which will benefit Chile's mining industry. According to Cochilco, about 50% of China's copper imports come from Chile. Chile is the world's largest copper producer, accounting for more than 30% of the world's total output. (Zhao)
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
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