February 07, 2024 09:49 GMT
MNI BRIEF: China To Focus On Solar, Wind Power In 2024 - NEA
MNI (BEIJING)
MNI (Beijing)
China will focus on the construction of large-scale wind and solar power generation bases, according to officials from the National Energy Administration (NEA) on Wednesday.
At a 2024 analysis meeting, officials said policy support for new energy was needed to sustain industrial development.
However, growth in Chinese copper demand will slow to 3-4% y/y in 2024, as work on electrical grids and new energy slows, local analysts recently told MNI. (See: MNI: China Copper Demand To Slow, Supply Risks, Prices Increase)
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