Copper Price Forecast: Where Is the Supply Deficit?
Copper Price Forecast: Where Is the Supply Deficit? Historical Copper Market Analysis | October 25, 2012 Copper has long been regarded as one of the most important industrial metals for understanding global economic activity. In 2012, however, the copper market presented a difficult question for investors and analysts: if supply was supposedly becoming increasingly constrained, why had a clear and persistent global supply deficit failed to appear? Copper occupies a unique position in the commodities market because it is widely used in electrical equipment, construction, transportation, industrial machinery and consumer products. Its combination of electrical conductivity, thermal conductivity, ductility and relatively broad industrial applications makes it an important input for modern infrastructure. The U.S. Geological Survey has described copper as a major industrial metal because of these characteristics and its wide range of applications. ...