More than 50 percent of raw material demand comes from China
The world's second-largest economy is causing concern right now. The economies of other emerging markets are expected to grow more strongly.
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Many voices assume that China will soon kick off a significant stimulus package. In 2015 and 2016, when the Chinese economy weakened, enormous stimulus measures were launched. For many commodity companies, China's demand is an important factor. According to the World Bank's latest forecast, China's economy will grow by only 2.8 percent. Other emerging economies such as Vietnam, Malaysia, Indonesia and the Philippines are likely to grow faster than the Middle Kingdom for the first time since 1990. The International Monetary Fund (IMF), on the other hand, is more optimistic and expects China's gross domestic product to grow by 3.3 percent. In the latest speech, China's President Xi Jinping spoke of GDP rising to the level of a moderately developed country by 2035 in a "giant new leap" - arguably doubling GDP. Key economic data was delayed, which raised eyebrows. On the other hand, nothing was heard about a departure from the strict zero-covid policy. After all, this and the current real estate crisis in China are causing problems for the economy.
So the Chinese government expects the economy to be on the road to recovery. Although the targeted growth of 5.5 percent will not be achieved, experts are still forecasting growth of around 3.5 percent. China will continue to develop, albeit at a slower pace, plus growth in other emerging markets. Raw materials such as copper, which on the one hand is dependent on the economy, but on the other hand benefits from the demand of renewable energies and electromobility, should continue to be in good demand. This also means companies such as Hannan Metals or Kutcho Copper.
Hannan Metals - https://www.youtube.com/watch?v=UYCCTD_R_oE - owns copper-silver and copper-gold properties in Peru and is one of the largest landowners there.
Kutcho Copper - https://www.youtube.com/watch?v=Rm7Z4Xa4UCw - is pleased to announce a promising feasibility study for its high-grade Kutcho project in British Columbia. It contains copper and zinc.
Current corporate information and press releases from Hannan Metals (https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ ) and Kutcho Copper (https://www.resource-capital.ch/en/companies/kutcho-copper-corp/ ).
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