Copper Supply Growth Will Met By Demand Recovery, Goldman Says-Shanghai Metals Market

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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.

 

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SMM #1 Nickel
Jul.19
118500.0
3800.0
(3.31%)
#1 JinChuan Nickel
Jul.19
119350.0
3900.0
(3.38%)
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Jul.01
1050.0
0.0
(0.00%)
#1 Import Nickel
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117700.0
3775.0
(3.31%)
SHFE nickel contract premium/discount
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-550.0
0.0
(0.00%)

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.