Copper Is Seen Under ‘Downward Pressure’ by Wood Mackenzie
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Copper prices will come under “downward pressure” this year as supply growth starts to come through and demand slows, according to Wood Mackenzie Ltd.
Ore grades are expected to return “to normal” at some larger mines next year and in 2015, Steven Lewis, senior copper analyst at Wood Mackenzie, said today at Metal Bulletin’s 26th International Copper Conference in Madrid.