Copper deficit could be overstated; is oversupply coming?

A FORECAST deficit in copper supply has been overstated, resulting in leading copper resource firm CRU downgrading its medium-term price forecast, Vanessa Davidson, director of copper research and strategy at CRU, has told the CRU World Copper Conference in Santiago, Chile.

Copper deficit could be overstated; is oversupply coming? Copper deficit could be overstated; is oversupply coming? Copper deficit could be overstated; is oversupply coming? Copper deficit could be overstated; is oversupply coming? Copper deficit could be overstated; is oversupply coming?

"Are we on the cusp of another new wave of over-capacity?"

"Producers have had a positive view for some time as the consensus has been that the world needs new mines, but our analysis is starting to show that deficits are neither as large or as long as people