Demand for copper in china is booming. Over 80% of china's copper is imported. Some of the largest copper producers in the world have shut down mining operations due to rampant covid cases. The booming copper price could well be the result of China stockpiling to mitigate the risk of global trade wars.Electronic Component Manufacturing in China industry trends (2015-2020)Average industry growth 2015–2020: 5.6%
With the rapid development of China's information communications technology (ICT) sector, China has become the world's largest manufacturing center for electronic products, including televisions, computers, handsets and other electronic equipment. Subsequently, China's output of certain electronic components, especially commonly used and medium- and low-end electronic components, is the highest in the world. Revenue for the Electric Component Manufacturing industry in China is expected to grow at an annualized 5.6% over the five years through 2020, to total $302.6 billion.
Currently holding NWC but looking for more juniors in this space to snap up.
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