China’s demand for industrial commodities will probably be hurt as the biggest energy and metals user intensifies efforts to rein in pollution, according to Citigroup Inc. The country will focus on the environment as never before in its forthcoming 13th Five-Year Plan and may start a carbon trading program next year or the year after, Citigroup said in a report on Friday. Costs for energy-intensive industries will increase, with steel and electricity likely to be the first to implement the scheme, the bank said. Now the world’s biggest carbon emitter, China is moving to address the environmental damage that’s been a byproduct of its breakneck economic expansion. Xi Jinping’s first five-year plan since becoming president in March 2013 will chart the path for the nation’s further development. It’s expected to be delivered at the time of the Communist Party Plenum in October. “Environmental initiatives are likely to be among […]