Copper wire takes blow from China halt to EHV power grid
Jan 07, 2014 | 11:50 AM
SHANGHAI Chinese demand for copper wire and cable has taken a hit as construction of the countrys extra high voltage (EHV) national electrical grid has ground to a halt due to authorities failure to approve projects.
The promise of the system in terms of copper wire demand has been high. Liu Zhenya, general manager of State Grid Corp., had indicated in April that China would invest more than 3 trillion yuan ($491.2 billion) to build the national grid over an eight-year period that began in 2013.....
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