| The global copper market will record larger surplus next year as demand in China, the world's largest consumer of the metal, slows sharply, but prices will remain stable, the Chilean Copper Commission, or Cochilco, said Friday.
Sergio Hernandez, the head of Cochilco, said the commission expects a surplus of 125,000 mt this year and 429,000 mt in 2015 as new mine capacity comes on stream in Chile, Peru, Mexico, the US and Zambia. Meanwhile, Chinese demand is expected to rise 4.5% next year to 11.2 million mt, or 47% of global demand, compared with growth of 9% this year, Hernandez said, citing a tight scrap market and the drop in the use of copper as loan collateral...............................................Full Article: Source
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