Standard bank estimated that copper market would be the most tension in 2012
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South Africa standard bank estimated that as the speed of copper needs is faster than supply, so in this and next year, copper mineral amounts can't meet the global needs. Before 2013, the new supply appears, the supply and need gas will gradually be larger, thus 2012 copper market will be the most tension .
Standard bank commodity exchange strategy department officer Waler De Wet stated on the South Africa international mineral summit that this and nest year copper mineral output won't meet the global needs, it is estimates that in 2011 metal copper's supply and need gas has reached 385 thousand tons, while in 2012 will reach 562 thousand tons, this situation will continue to 2013.
In Waler De Wet's opinion, developing countries enhance their basic infrastructure and developed countries recover manufacturing are the main the elements to push the copper price increasing and consuming.
China and other developing country,especially Asia, the need for copper products is increasing. At present, Asia 's need accounts for 55% of the global needs, while china will be the most important element to affect the metal market.
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