Copper concentrate supply faces shortfall

Apr 18, 2012 | 10:52 AM | Barbara O'Donovan

Tags  Freeport-McMoRan Copper & Gold, Javier Targhetta, copper concentrates, Cesco Week, Center for Copper and Mining Studies, Barbara O'Donovan

SANTIAGO, Chile — Global copper concentrate supply could be facing a 2012 shortfall of up to 300,000 tonnes against smelting capacity, according to Freeport-McMoRan Copper & Gold Inc. senior vice president of sales and marketing Javier Targhetta.

"I think (concentrate supply) will be rather tight, swinging from tight to balance from the next few years," he told AMM in an interview Tuesday in Santiago during Cesco Week events hosted by the country’s Center for Copper and Mining Studies.

The concentrate market is expected to remain tight for several years as new projects are delayed and ore grades drop at existing mines, he said.....

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