Anglo American CEO: Global Copper Demand Seen Up 5-6% Annually

30th Jul 2010 08:58

LONDON (Dow Jones)--Global copper demand is expected to grow 5% to 6% a year in the near to medium term, buoyed by strong Chinese demand for the red metal, the chief executive of Anglo American PLC (AAL.LN) said Friday. "We see copper prices up today and we are very bullish, driven first by China which [consumes] 34% of copper" worldwide, Cynthia Carroll said in a call with reporters. Chinese copper demand is expected to grow 8% to 10% annually, she added. Company Website: www.angloamerican.co.uk -By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328; [email protected] (END) Dow Jones Newswires July 30, 2010 03:58 ET (07:58 GMT)