11/10/10

"Global copper output growth still far behind demand"

"Some of the world's top copper miners
raised production by 4 percent last quarter
...suggesting growth may fail to meet booming global demand.


 ...Looking to 2011,
increased economic activity is expected to boost end-user demand
for the metal much faster than production,
pushing the global market deeper into deficit of
about 400,000 tonnes.


...With few new projects expected in 2011,
incremental increases in supply
to offset any shortfalls at other projects
are limited and should continue to lag demand..."


Chris Kelly

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