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Base metals supply surplus to shrink in 2009

Posted on 20 February 2009

From Purchasing.com: The base metal supply surplus in 2008 will shrink this year, according to a forecast released by the World Bureau of Metal Statistics (WBMS) in London.

WBMS data shows that in 2008 the copper surplus almost doubled to 329,000 metric tons from a revised glut of 161,000 metric tons in 2007. World refined copper production rose 2.8% to 18.48 million metric tons last year while consumption was 18.16 million metric tons…… Full Article: Source


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