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Pakistan has confirmed a 400 percent increase in the export of copper products to China in the recent year.
According to a report published by China Economic Net, this huge rise in the export of copper and other copper-related products from the country has helped to boost local industry.
Three year back exports of copper from Pakistan were of only 106 million dollars, however, In the year 2019, copper exports to China have risen to 550 million dollars.
The current rise in exports is seen though the largest copper reserves of Pakistan "Reko Diq project" which is under dispute at the international court of justice.
If the dispute settles down shortly then one of the biggest players in the copper industry of China, Metallurgical Corporation of China (MCC) that is mining in Saindak mines expects to take the export to $10 billion per year.
It is to be noted that mining and processing of copper requires a high-end technology and the expertise of Chinese copper processing companies like MCC have played a very vital role to develop the Saindak copper mines from the year 1995 onwards.
https://nation.com.pk/31-Mar-2020/pakistan-copper-s-export-to-china-increase-by-400-percent
According to a report published by China Economic Net, this huge rise in the export of copper and other copper-related products from the country has helped to boost local industry.
Three year back exports of copper from Pakistan were of only 106 million dollars, however, In the year 2019, copper exports to China have risen to 550 million dollars.
The current rise in exports is seen though the largest copper reserves of Pakistan "Reko Diq project" which is under dispute at the international court of justice.
If the dispute settles down shortly then one of the biggest players in the copper industry of China, Metallurgical Corporation of China (MCC) that is mining in Saindak mines expects to take the export to $10 billion per year.
It is to be noted that mining and processing of copper requires a high-end technology and the expertise of Chinese copper processing companies like MCC have played a very vital role to develop the Saindak copper mines from the year 1995 onwards.
https://nation.com.pk/31-Mar-2020/pakistan-copper-s-export-to-china-increase-by-400-percent
