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Copper demand to overtake surplus by 2019: Zimtu

Posted on 20 June 2014

Demand for refined copper will overtake the current surplus by 2019, says Zimtu analyst Derek Hamill. “Copper supplies are likely to exceed demand in 2014 and 2015; we further expect this situation to persist for 2016 and 2017,” Hamill writes in a report titled Multi-Year Global Copper Market Outlook.
Copper demand is intensifying due largely to continued urbanization and industrialization in Asia, particularly China and India. Hamill also notes that copper mining economics are “changing dramatically” because of rising operating costs, higher regulatory hurdles and declining grades, and that should increase prices………………………………………..Full Article: Source


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