Copper slightly disappointed investors, ending the first half of the year with a decline of 3.50%. Worries about global inflation and, more specifically, the potential slowing of China's economy weighed on copper's price.
China relies heavily on coal-at over 70% of the nation's energy consumption-and petroleum to power its supercharged economic growth. It has plenty of the former (by far the world's largest producer*) and now has to import nearly 50% of the latter. Coalbed methane constitutes a significant, comparatively untapped resource that is only now seeing serious attention.
China has been relying heavily on coal (over 70% of domestic energy consumption) and petroleum for energy to maintain its supercharged economic growth - it has plenty of the former and now has to import nearly 50% of the latter. Underutilized methane gas holds great promise.
The development of China's ambitious fuel ethanol market still faces significant uncertainties due to a shortage of feedstock for fuel production, a lack of mature product standards and unclear pricing policies.