Bloomberg News

Barclays Forecasts Aluminum Shortage, Copper Surplus in 2014

February 07, 2012

Feb. 7 (Bloomberg) -- Aluminum will be in shortage in 2014 for the first time since at least 2005 as copper moves into surplus, Barclays Capital said.

The aluminum shortage will be 33,000 metric tons against a surplus of 224,000 tons this year and 336,000 tons next year, Barclays said in a report e-mailed today. Copper will have the first surplus since at least 2005 in 2014, at 121,000 tons comapred with a shortage of 376,000 tons this year and 7,000 tons next year, according to the report. Barclays forecasts copper will average $9,000 a ton this year and aluminum $2,313 a ton.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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