World surplus expected to grow to 85,000 metric tons.

From: Purchasing | Date: June 12, 2008| Author: Stundza, Tom | Copyright information

By Tom Stundza

The world copper market is forecast to move into a surplus this year, and should expand in 2009, as refined copper output grows and copper demand growth rises at a slower pace, the International Copper Study Group says in a report. The world refined copper market is forecast to be in surplus of 85,000 metric tons in 2008, from a deficit of 40,000 metric tons in 2007. The ICSG report estimates the global copper market to be in a larger surplus of 430,000 me...

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