Copper deficit expected in 2012: ICSG
Apr 30, 2012 | 06:24 AM
World demand for refined copper is expected to exceed production of refined copper by about 240,000 metric tonnes this year, according to preliminary International Copper Study Group (ICSG) data.
This would mean 2012 will be the third consecutive year of production deficit, while in 2013 increased output could reverse the trend, the ICSG said.
Based on initial projections, refined copper production could exceed demand by about 350,000 tonnes [in 2013], the study group said.
Though significant on a cumulative basis, the annual deficits and current projected surplus for 2013 are relatively small compared with the market size, it added. ....
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