Copper Will Have Supply Surplus in 2013: Citibank

Platts reported that Citibank forecasts that copper stockpiles will grow in 2013.

As quoted in the market report:

Copper moved into a supply surplus in the second half of 2012 and will likely end the year with a 53,000 mt surplus, Citibank analysts said in a report. But that surplus is expected to widen to 134,000 mt next year.

To view the whole Platts report, click here.