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GFMS: Copper undersupplied through 2013

Posted on 30 November 2010

From Commodities-now.com: The tightness that has emerged in the copper market is the last few months is expected to remain in place for much of the next three years, fuelling a rally through a series of all time highs and a peak well above $11,000/tonne in 2013. These are the principal conclusions of the November edition of GFMS’ Quarterly Three-Year Copper Forecast, which the consultancy published last week.
The report suggests that the noteworthy deficits the market has seen recently will push the overall market balance for this year into negative territory. The positive backdrop for the red metal is expected to be briefly disturbed by an economic slowdown in the first half of 2011, for which GFMS forecast a brief return to a modest surplus……………………………………….Full Article: Source


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