Copper Supply Growth Will Met By Demand Recovery, Goldman Says

Industry News 05:04:41PM Feb 21, 2012 Source:SMM

Feb. 21 (Bloomberg) –Copper supply will increase in the second half of this year, and be absorbed by a recovery in demand growth, Goldman Sachs Group Inc. (GS) said.

Mine supply fell about 2 percent in the fourth quarter from a year earlier and was “flat to slightly down” for all of 2011, Max Layton, an analyst at Goldman, said in a report dated yesterday.

 

Copper Supply Growth Will Met By Demand Recovery, Goldman Says

Industry News 05:04:41PM Feb 21, 2012 Source:SMM

Feb. 21 (Bloomberg) –Copper supply will increase in the second half of this year, and be absorbed by a recovery in demand growth, Goldman Sachs Group Inc. (GS) said.

Mine supply fell about 2 percent in the fourth quarter from a year earlier and was “flat to slightly down” for all of 2011, Max Layton, an analyst at Goldman, said in a report dated yesterday.