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Copper in the second half of 2015 will be more balanced|plumbing copper fittings

 

 

The global copper market's surplus may be less than expected, maintenance time shorter. Because of new mine supply delays and demand picks up during the same period. MMG Ltd CEO Andrew said on Tuesday.
Andrew says, "there would have excess supply of copper can become loose, rather than contraction. But easing will soon disappear. I feel that the copper market will be more balanced in the second half of next year. ”
Poll results, according to analysts, global copper market surplus is estimated to be 285,000 tons next year. Andrew said, for China's growing middle class housing and public investment in infrastructure will boost demand for copper. United States recent economic revival is boosting copper needs.
"The United States economy on the rebound, we can invest in real estate, seen new buildings began to establish, United States moving away from the hanging over their mortgage. ”
Andrews added, "therefore, copper is the first to rebound. In my opinion, the demand for copper is robust and will go up. ”
MMG and its Chinese partners to pay $ 7 billion to buy one of the world's biggest copper project in Peru Copper lasibangbosi.
The mine is expected to start production in 2015, in the first five years is expected to produce 2 million tons of refined copper

The global copper market's surplus may be less than expected, maintenance time shorter. Because of new mine supply delays and demand picks up during the same period. MMG Ltd CEO Andrew said on Tuesday.

 

Andrew says, "there would have excess supply of copper can become loose, rather than contraction. But easing will soon disappear. I feel that the copper market will be more balanced in the second half of next year. ”

 

Poll results, according to analysts, global copper market surplus is estimated to be 285,000 tons next year. Andrew said, for China's growing middle class housing and public investment in infrastructure will boost demand for copper. United States recent economic revival is boosting copper needs.

 

"The United States economy on the rebound, we can invest in real estate, seen new buildings began to establish, United States moving away from the hanging over their mortgage. ”

 

Andrews added, "therefore, copper is the first to rebound. In my opinion, the demand for copper is robust and will go up. ”

 

MMG and its Chinese partners to pay $ 7 billion to buy one of the world's biggest copper project in Peru Copper lasibangbosi.

 

The mine is expected to start production in 2015, in the first five years is expected to produce 2 million tons of refined copper

 

 

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