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Traditional uses for copper, such as in electricity transmission and construction materials, will still dominate, even as electric vehicle use bumps up demand for the metal. This reality puts its suppliers in a complicated position.
The governor of Mongolia’s central bank said that the nation’s growth rate may slow by a third this year from a record 17 percent in 2011 as inflows of foreign investment cool, Bloomberg reported Oct. 29.
Acquiring major stakes in Mongolian coal projects is a key part of Beijing's plan to build integrated "coal-rail-power" hubs that would allow China at least partial control over every step of the coal supply chain.