China's copper imports bounce back in the first quarter and is now up more than 7% year-on-year and iron ore shipments remain on pace for another record.
Increasing disposable income in emerging economies and the adoption of greener technologies, are the two factors to drive most of the expected increased demand in copper during the next five years.
International prices, which have shot up more than 10 percent since the sanctions were announced, will have to rise further to lure exports from China.