SHANGHAI, Apr. 2 (SMM) – The growth in global copper concentrate supply may slow to an average of 1% in 2017-2020, said Michal Jezioro, General Manager of KGHM Shanghai Copper Trading, at the 2015 Shanghai Copper & Aluminum Summit last week.
“Markets had expected the annual increase in copper concentrate production to hit 7-8% in 2012-2015, but the anticipation for a big glut in concentrate market may not materialize, as copper ore grades are declining,” Michal Jezioro said at the summit.
Michal also noted that some copper mining projects will be put online later than expected, with commissioning schedules for at least four large mines postponed to 2020.
Besides, Michal expects TCs for the material to remain stable after peaking in 2015 and begin slipping in H2 2016.
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