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Analysts Scale Back Copper Surplus, but don’t Expect Deficit
May. 27, 2013 06:39AM PST
Base Metals Investing
Reuters reported that analysts are predicting that, while numerous shut downs will tighten available supply, they will likely not run into a deficit situation.
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.
