Not sure how to judge this move by China below. Aluminium wire purchase by State Grid has increased 40% in 4 months. That's 800,000 ton, all as a result of cu price despite poorer conductivity. They handle 80% of China's power cabling.
On the other front more speculation by cu pundits reckons we need 160 more cu mines if we are to meet 2050 enviro targets
The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year, while at the same time ramping up purchases of aluminum wire, a cheaper substitute.
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