The Conversation (0)
Bloomberg reported that BHP feels that supply may outpace demand this year on increasing stockpiles and production.
Bloomberg reported that BHP feels that supply may outpace demand this year on increasing stockpiles.
As quoted in the market report:
It’s “possible” that the market may have a “small surplus” of supply in 2013 and 2014, Peter Beaven, head of the company’s base metals operations, told reporters in Santiago April 4. Escondida’s output will grow 10 percent a year through 2015 when it reaches a record 1.3 million metric tons, he said.
