Trafigura expects balanced copper; alumina oversupply

Dec 16, 2013 | 11:59 AM | Shivani Singh

Tags  Trafigura Beheer, copper, alumina, concentrates, Simon Collins, Shivani Singh

SINGAPORE — The copper market is expected to remain in balance next year, while alumina, which has been in structural overcapacity since 2007, is forecast to remain that way for the foreseeable future, according to Simon Collins, head of nonferrous and bulk commodities at Trafigura Beheer BV.

"New production (of copper) is coming on-stream and supply will increase in 2014-15, but low inventories and (gross domestic product) growth should support prices," Collins said in Amsterdam-based Trafigura’s annual report Dec. 16.....

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