Analysts Scale Back Copper Surplus, but don’t Expect Deficit

Reuters reported that analysts are predicting that, while numerous shut downs will tighten available supply, they will likely not run into a deficit situation.

As quoted in the market report:

People are making adjustments, we certainly are. At the beginning of the year we were pencilling in a 300,000 tonne surplus. That’s probably going to be pegged back by half or so,” analyst Robin Bhar at Societe Generale in London said.

To view the whole Reuters report, click here.