Foreign media: China is accelerating the improvement of its copper supply chain, viewing it as a key metal for strategic industries such as electric vehicles, artificial intelligence, and national defense.
Jiangxi Province proposed in its "14th Five-Year Plan" to build a world-leading advanced copper-based new material industry cluster; Shandong also proposed on December 9 that by 2027, it would build a copper industry with a scale of 200 billion yuan (about 28.4 billion U.S. dollars), aiming to become a globally competitive copper smelting base.
Analysts point out that with the rising demand for electrification and tightening global supply, copper has evolved into a "strategic metal." However, due to China's high reliance on imported copper ore, this move is more about economic security and supply chain resilience, rather than pressuring other countries through export restrictions.
Original article: toutiao.com/article/1851832623001600/
Statement: The article represents the views of the author.