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.
