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Copper mine supply to contract in 2011: Barclays

Posted on 08 November 2011

The majority of corporate Copper mining results are now in for Q3 11, and the overall performance has been broadly weak. The results of a group of corporates, which account for close to 40% of global mine capacity, showed output falling 7% y/y (-110Kt) and for the year-to-date, a marginally better 4% y/y decline.
Taken in line with the ICSG data for January to July, which showed flat output year-to-date, current indications point to the overweight probability that global copper mine supply will contract in 2011………………………………………..Full Article: Source


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