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EVs to drive copper into deficit

The global copper market is expected to move into a persistent deficit from 2018 onwards, due to increasing demand, particularly from electric vehicles, and supply constraints, according to research from a US-based bank.

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The global copper market is expected to move into deficit from 2018 onwards

“We have been bullish on the outlook for copper for the past year, and we are now explicitly increasing our copper demand forecasts to reflect greater penetration of EVs and stronger global economic