India important to global copper demand growth, CRU analyst tells conference

India and Asia will drive global copper growth beyond 2025 with China remaining a dominant consumer of the red metal, according to a Latin American commodity analyst.

Addressing the Copper to the World conference in Adelaide, Australia, on Tuesday, Santiago-based CRU Consulting principal analyst Erik Heimlich said while there were some short- and medium-term challenges for the metal, including some misconceptions on pricing and impacts of the US-China trade tensions, the longer term outlook was robust.