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Copper fundamental outlook: 2012 deficit may hit 200,000 tonnes

Posted on 04 October 2011

As LME Copper prices tumbled to lows of $7000/tonne, uncertainty is the trend of the market. On the supply-demand side, copper market may be in a deficit of 200,000 tonnes in 2012 and prices could average $9850/tonne next year.
Supply-Mines face prospects of increased worker’s strikes which could severely curtail production. This has been evident in recent strikes at Escondida and Freeport mines. Output has also suffered from snowstorms and other bad weather……………………………………….Full Article: Source


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