Copper surplus likely to be marginal: exec
Oct 10, 2013 | 01:54 PM
| Andrea Hotter
LONDON A growing copper surplus is the result of rising supply rather than slowing demand, but it is still likely to be marginal and could be easily reversed if projects experience problems, according to Antofagasta Plc chief executive officer Diego Hernandez.
Hernandez said the surplus, which will emerge during the fourth quarter and last into the next couple of years, will be smaller than expected and probably marginal. "Itll be less than 200,000 tonnes," he told AMM. "If China rebuilds its inventories or consumes just a little more, we would have a quite tight supply-demand balance for the full year."....
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