10 April 18
"Copper supply crunch earlier than predicted — experts
Copper demand will surpass supply earlier than expected, with the first clear signs coming as early as next year, experts attending the 17th World’s Copper Conference being held this week in Santiago, Chile, said.
According to Arnaud Soirat, chef executive for copper and diamonds at Rio Tinto, increased consumption from new technologies, including electric vehicles, will drive demand for the metal and its by-products, he said.
“We anticipate global market supply and demand will keep close to balance in 2019 and 2020,” he said, noting that after that the decit will become increasingly evident."
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