Global metal supply poised to outstrip demand Mitsui

Oct 06, 2006 | 02:48 PM |

Global metal supply has expanded just enough to meet Chinese-led demand growth but will overtake consumption in the latter part of 2007, leading to small surpluses, Mitsui Bussan Commodities Ltd. predicts.

China will continue to lead the field in metal use growth, although demand also will accelerate in Russia and the Middle East on the back of energy price windfalls this year, Mitsui said in its latest outlook for commodities.

It forecasts growth in metal demand of around 5 percent in 2006 and at a somewhat gentler pace next year.....

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