China Consumes Mind-Boggling Amounts of Raw Materials [Chart]

There is no doubt that the world has often relied on the Chinese economic growth.

China is responsible for consuming a big proportion of the world’s materials used in infrastructure.

Amongst some of its consumption results is:

54% of aluminum, 48% of copper, 50% of nickel, 45% of all steel, and 60% of concrete
23% of gold and 15% of the world’s silver supply
30% of rice, 22% of corn, and 17% of wheat
49% of coal for power generation
13% of the world’s uranium and 12% of all oil

The infographic below identifies China’s enormous consumption of raw materials and its affect on commodity producers:

Source: www.visualcapitalist.com

About Michael Yardney

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au