Citigroup Sees No ‘Significant Wave’ of Copper Supply Looming

  • Supply-driven bearish sentiment probably temporary, bank says
  • Peruvian rampup key driver of increased supplies in first half

The world is not about to be swamped by copper, according to Citigroup Inc. Growth in supply will fall significantly short of demand through 2020, tempering the bearish sentiment that’s made copper the worst-performing metal this year.

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