Bloomberg News

Copper Supply Growth Will Met By Demand Recovery, Goldman Says

February 21, 2012

Feb. 21 (Bloomberg) -- Copper supply will increase in the second half of this year, and be absorbed by a recovery in demand growth, Goldman Sachs Group Inc. said.

Mine supply fell about 2 percent in the fourth quarter from a year earlier and was “flat to slightly down” for all of 2011, Max Layton, an analyst at Goldman, said in a report dated yesterday.

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


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