Jiangxi Copper sees China demand up 7pc in 2012

BEIJING: Jiangxi Copper, China's top copper producer, expects market fundamentals for the red metal to remain good this year, its chairman said on Monday.

"China's copper market fundamentals will remain healthy, which will support copper prices," Chairman Li Yihuang told reporters on the sidelines of the National People's Congress, China's parliament, adding that he expects copper demand in China to rise about 7 percent during 2012.

However, overall copper prices should remain volatile due to the unstable global economy, he said.