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World copper market will be in surplus this year

Posted on 07 April 2014

After four consecutive years of apparent deficit, the world copper market could witness a production surplus relative to demand in 2014, according to projections made by International Copper Study Group (ICSG). Demand this year is expected to lag production. So, world production of refined copper is expected to exceed demand for refined by about 400,000 tonnes.
Interestingly, another surplus year could occur in 2015. Although growth in usage is expected to continue, owing to an increase in refined output that exceeds the expected growth in usage, a surplus is likely again………………………………………..Full Article: Source


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