An Analysis of China's Copper Resources Supply Situation in the Post-COVID-19 Era

ABSTRACT

China is the world's largest copper consumer, consuming nearly half of the world's copper resources every year. However, domestic copper resources are in short supply and the output is relatively limited. In 2019, the foreign-trade dependence rate was as high as 78%. This paper mainly analyzes the supply and demand situation of copper resources in China, the risk of import sources, the comprehensive competitiveness of copper resource companies, and the impact of the COVID-19 on the supply of copper resources in China. The recommendations are as follows The first is to increase the exploration of domestic copper resources, increase capital investment, and strive to ensure the self-sufficiency of copper resources in key domestic industries;the second is to strengthen multilateral international cooperation to reduce the concentration of copper resources;the third is to grant Chinese investment overseas the corresponding policies and financial support of enterprises so as to actively expand overseas smelting capacity and open up the upstream and downstream industrial chain of African copper resources. © 2021, Science Press. All right reserved.