China’s copper consumption may grow as much as 14% in 2010 as global demand for Chinese exports picks up, state media reported. Lower bound estimates still predict as much as 10% growth in demand. China’s demand for copper grew 20% to reach 5.94 million metric tons in 2009, even as copper prices doubled. Copper imports reached 1.07 million tons in the first quarter of 2010, and the three-month delivery price of copper on the London Metal Exchange reached US$8,000 a ton last week, a level unseen since the fall of Lehman Brothers in the fall of 2008. Any revaluation in the renminbi was predicted to have minimal impact on copper consumption.