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Morgan Stanley Sees Copper in 350,000 T Deficit in 2016
Oct 30, 2015 13:12Source:SMM
Morgan Stanley predicts deficit in copper supply will increase from 10,000 tonnes this year to 350,000 tonnes in 2016, fx678.com reports.
SHANGHAI, Oct. 30 (SMM) - Morgan Stanley predicts deficit in copper supply will increase from 10,000 tonnes this year to 350,000 tonnes in 2016, fx678.com reports.
Morgan Stanley expects output cut by Glencore and Freeport to be the most significant. Copper supply will decrease some 550,000 tonnes if these assets suspended are shut down until late 2016.
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