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By Shane Lasley
Mining News  

China to tip base metals scales

Middle Kingdom set to overtake Rest of the World in base metals consumption by 2017; massive urbanization effort driving appetite

 

Last updated 10/27/2013 at Noon



Global base metals consumption is divided into two sectors - China and the rest of the world.

By 2017 China will consume more than half of the world's supply of base metals, the remaining 200 countries will make up the remaining 48 percent of the market, according to an October report published by Woods MacKenzie.

"Today, the Rest of the World, excluding China, accounts for 54 percent of the...



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