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Copper Shortage to Be Worst Since 2004 Amid Economic Recovery
Jan. 19, 2011 07:51PM PST
Base Metals Investing Bloomberg reports that Copper demand will outstrip supply for the next two years as the economy recovers.
Bloomberg reports that Copper demand will outstrip supply for the next two years as the economy recovers.
The market news is quoted as saying:
Demand will likely exceed supply by 635,000 metric tons in 2011, the biggest deficit since 2004, compared with 234,000 tons last year, Hidenori Kamoo, general manager of the marketing department at Pan Pacific Copper Co., said in an interview Jan. 18.