BHP Sees Copper Supply Surplus in 2-3 Years before Deficit Occurs End of this Decade

SHANGHAI, Mar 22 - “There will be a surplus in the copper market over the next two to three years because there are a lot of projects coming in, but then in the last third of the decade it will start to be in deficit and prices will have to be higher to allow for more investment,” Vandita Pant, chief commercial officer of mining company BHP, said on March 21 at the FT Commodities Global Summit.