Copper supply is expected to exceed demand by a substantial margin in 2014, threatening the outlook for an already-beaten-up Canadian mining sector.
The median analyst estimates for global copper supply and demand suggest an oversupply of 408,000 metric tons for 2014. This would be the largest surplus since 2001, a year when the copper price fell 19.4 per cent.Report Typo/Error
- First Quantum Minerals Ltd$13.340.00(0.00%)
- Lundin Mining Corp$7.510.00(0.00%)
- Turquoise Hill Resources Ltd$3.700.00(0.00%)
- HudBay Minerals Inc$8.120.00(0.00%)
- Sherritt International Corp$0.900.00(0.00%)
- Capstone Mining Corp$0.950.00(0.00%)
- Major Drilling Group International Inc$7.340.00(0.00%)
- Copper High Grade Front Month Futures$2.580.00(0.00%)
- Updated April 25 4:00 PM EDT. Delayed by at least 15 minutes.