China Minmetals Corporation has called the country’s natural resources deficit “worrying” in light of growing demand in the world’s biggest consumer of commodities.
Wang Jionghui, assistant president of Minmetals Corporation, said that China’s demand for resources would peak in 10 to 20 years and added that the country could become a global hub for mining and exploration within the next five to 10 years.
China is the world’s largest importer of commodities from iron ore to copper and demand has fuelled the global commodities bull run, prompting investment in natural resources.
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