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Next year, global copper production may be surplus by 1 million tons

 Last Update: 2022-11-19
 Source: Internet
 Author: User

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Dane Davis, a metals analyst at Barclays in the United Kingdom, expects a surplus of 1 million tonnes
in the copper market next year and the year after.
Copper prices will not only fall, but will continue for some time
.

Barclays expects global copper production to reach a record 22.
89 million mt this year, while demand is expected to be 22.
4 million mt.

Davis expects copper prices to average $2.
55 per pound in 2016 and $2.
30 per pound in 2017
.

copper

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