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Anybody who follows the prices of metals lately has recognized the tremendous rise in the price of copper in the past few months. SINGAPORE (Dow Jones)--The global demand for copper will rise 3.1% in 2012, driven mainly by a 6.8% increase in Chinese demand, a senior official with Xstrata Mining said Tuesday.

The several reasons the price of copper has gone up include:

1. Chinese infrastructure is creating a giant demand

2. The price of the US dollars is going down, so the value of copper gets inflated.

3. Wall Street has been buying up copper for ETFs and ETNs

4. Several sources claim there exists an entity trying to corner the copper market.

5. On the supply side, Chile, a major supplier of copper, has had a supply scare.

With the increasing demand on global copper, there is the great chance for mining equipment industry especially for crushers such as jaw crusher, cone crusher. There are mining equipments available specifically for Surface mining processes such as open-pit mining, strip or area mining, quarrying, contour mining, mountaintop removal, and placer mining. For example, some of the Open Cast Mining Equipments are Rock Drills, Pneumatic Crawler Drill, TCT Drill Steel Grinder, and Cross Bit Grinder. There are various types of mining equipments available in the world. Some of them are industrial shredders, drilling equipment, blasting equipment, drill rigs, hammers, mine winders, blasting machine, Mining Locomotive, well drilling machine, industrial crushers, cutting machines, drills, loaders, blasting devices, Track Drill, Rock Drill, etc.

Speaking at Asia Mining Congress 2012, Xstrata Copper's Chief Operating Officer for North Queensland, Steve De Kruijff said the company sees copper demand holding up well in 2012 as a result of continuing Chinese industrialization. China is the biggest market for copper and many other base metals.

Chinese industrialisation 'will continue to drive higher rates of copper consumption,' Kruijff said.

A rise in Chinese copper stocks since the start of the year shouldn't be a cause for concern as those stocks will be used up with consumption rising in the second quarter, he said. At the same time as demand holds firm, supply constraints will hamper production growth, Kruijff said. He estimated global production growth at 5.6% for 2012.

Therefore, we should grasp this chance solidly to develop our mining equipment manufacture industry and take up the first place in the world.

Recent years, with rapid economical internationalization Chinese economy develops violently, and infrastructure construction makes outstanding progress such as high-speed road, railway, water conservancy project, safeguard house and other projects. With this tendency, construction machinery market expands rapidly and broadly, and also requirements for advanced and qualified equipment are getting more and more. According to this, Hongxing machinery will be your excellent choice. We are insisting on the rule of quality come at first and clients are kings to serve all buyers.

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