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The copper balancing act

“Balanced at best” was the phrase Deutsche Bank used to describe its copper market outlook for 2016, with the bank expecting little demand growth from China and a continuation of cost deflation in the industry, leading to lower prices for the year.

The copper balancing act The copper balancing act The copper balancing act The copper balancing act The copper balancing act

Weak demand and sustained supply has led Deutsche Bank to predict lower copper prices for 2016

While 2015 saw some 600,000 tonnes of mined copper capacity come off stream, the bank did not view this curtailment in supply as sufficient to switch the market back into a deficit situation.