08 May Copper Deficit Predictions Grow
Posted at 15:18h in Business
Copper Deficit Predictions Grow
- CRU Group expects copper supply to be short some 41,000 tons by 2021 and short 270,000 tons by 2023. This could mean another commodities super-cycle with copper leading the way.
- Vancouver-based miner Ivanhoe Mines is nearing the start of production at its long-awaited, high-grade Kamoa-Kakula project in the Democratic Republic of Congo.
- Although global gold output is expected to hit a new record high this year – 109.6 million ounces, according to S&P Global Market Intelligence – production is seen falling steadily thereafter.
- According to the World Gold Council, gold purchases by central banks totalled 145.5 tonnes in the first quarter.