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The copper market is likely to remain oversupplied until 2020

 Last Update: 2022-11-20
 Source: Internet
 Author: User

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A few days ago, the chief financial officer of global mining giant BHP Billiton issued a forecast that the copper market is expected to maintain an oversupply situation
until 2020.

Beaven said the surge in investment has boosted supply, so the copper market is not expected to return to equilibrium around 2019
.
BHP Billiton also remained cautious about iron ore prices, as steel manufacturers cut production and new mines came on stream this year to boost supply
.

A few days ago, the chief financial officer of global mining giant BHP Billiton issued a forecast that the copper market is expected to maintain an oversupply situation
until 2020.

Copper City

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