By Kari Williamson

“It is unlikely to see metals demand to grow at more than 10% next year,” Wang told a forum in Shanghai, China, according to Bloomberg.

Metal prices have already seen a 23% fall this year on the London Metal Exchange LMEX Index.

Refined copper demand could increase 6%, whereas primary aluminium consumption may grow 8%, Wang Huajun said. Lead and zinc consumption could rise by 7% and 5%, Bloomberg reports.

The Chinese economy is predicted to grow 8.5% next year, the lowest growth figure in 11 years.