25.11.2014 - BHP forecasts copper deficit by the year 2018
The Melbourne based subsidiary of BHP Billiton, in their statement released today articulated that, the industrial production of copper will be highly affected by structural factors such as grade decline of the metal as well as higher strip ratios. The statement further added that, the availability of energy and water might also affect the copper production of certain mines. According to the report released by the Wood Mackenzie Ltd, by the year 2022, 4.5 million tonnes of production of the metal might be needed in order to meet the rising demand of copper. According to the reports from Goldman Sach, the supply gap of the metal might reach up to 2 million tonnes by the year of 2018........................................Full Article: Source
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