Jiangxi Copper expects a tightening market and demand recovery in 2019, China’s top copper producer said in its 2018 financial results.

“Government stimulus policy, growth of infrastructure projects, home appliance and auto markets will boost demand, and this will ease market pessimism,” the producer pointed out.

In the long run, environmental factor will continue to restrict supply, raise production costs and support prices, according to its statement.

After combining market uncertainties, including the US-China trade dispute, world’s economic growth and the Fed’s policy, the producer expected a moderately positive copper market in 2019.

The company’s net income stood at 2.45 billion yuan in 2018, up from 1.61 billion yuan in 2017.

Output of cathode copper in 2018 rose 6.51% to 1.46 million mt, that of copper contained in copper concentrate fell 0.62% to 208,300 mt, unchanged at 25.58 mt for gold, and declined 18.40% to 394.53 mt for silver, all on a yearly basis.

In 2019, the company aims to produce 1.44 million mt of copper cathode, 205,800 mt of copper contained in copper concentrate, 25 mt of gold and 313 mt of silver 有色金属展-铜材展-2019年广州国际有色金属工业（铜业）展览会 -2019 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition -Non-Ferrous Metal exhibition, 2019 Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2019 Non-Ferrous Metal expo, Copper exhibition, Copper expo, 2019 Copper exhibition, 2019 Copper expo, China Copper exhibition, China Copper expo  .