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Canadian copper miners set to lose some shine in 2013 Add to ...

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Rising production of copper in 2013 is expected to create a surplus of the metal for the first time since 2001, depressing the outlook for its price and Canadian mining stocks.

A recent report from the International Copper Study Group estimated that the production of copper will climb more than 6 per cent next year while demand is set to rise by only 2.4 per cent. If that comes to pass, the oversupply will cause a glut that would push the commodity price lower in the latter half of the year.

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