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Copper consumption to grow 4pct annually through 2014—Fitch

Posted on 04 January 2013

Fitch Ratings forecasts that copper consumption will grow about 4% annually through 2014, based on a soft landing in China and a slow recovery in developed nations. European copper consumption is expected to remain depressed through this year.
“Fairly balanced markets are expected for 2013, while 2014 could show better supply,” said Fitch analysts. Copper supply is expected to grow at about 3% annually through 2014 as production recovers from 2011 labor disruptions and new projects ramp up, offsetting lower grades in older mines………………………………………..Full Article: Source


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