Possible Copper Surplus in 2013: BHP

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.

To view the whole Bloomberg report, click here.