Bloomberg News

Copper Market Had Surplus of 69,100 Tons in 2011, WBMS Says

February 15, 2012

(Updates with aluminum in second paragraph.)

Feb. 15 (Bloomberg) -- Copper production exceeded demand by 69,100 metric tons last year, the World Bureau of Metal Statistics said.

There was a shortage of 175,000 tons in 2010, the Ware, England-based WBMS said in an e-mailed statement today. Aluminum was in surplus at 1.2 million tons for all of 2011 compared with 1.05 million tons for 2010, according to WBMS.

In December, aluminum and zinc were in surplus and copper, lead, nickel and tin were in shortage, according to the report.

--Editors: Claudia Carpenter, John Deane

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net

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


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