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Copper supply shortage seen looming
According to reporting in UK trade publication Mining Weekly.com:
"A copper supply shortage is looming, but top tier copper resources that could fill the supply gap are not only hard to find, but would take time to turn to account.
Independent consultancy GFMS says a copper deficit of 88,000 tons is likely, which, it says, is likely to push the copper price to $7,500/ton in 2010."
The reporting goes on to forecast a copper supply gap of 10 million tons by 2020.
Interesting times, indeed -- especially for manufacturers and suppliers of wiring harnesses, among other interconnection technologies. Keep your eyes peeled...
"A copper supply shortage is looming, but top tier copper resources that could fill the supply gap are not only hard to find, but would take time to turn to account.
Independent consultancy GFMS says a copper deficit of 88,000 tons is likely, which, it says, is likely to push the copper price to $7,500/ton in 2010."
The reporting goes on to forecast a copper supply gap of 10 million tons by 2020.
Interesting times, indeed -- especially for manufacturers and suppliers of wiring harnesses, among other interconnection technologies. Keep your eyes peeled...
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Matt Vincent
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