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Copper Markets: Possible Surplus in 2018

Copper Markets: Possible Surplus in 2018

Commodity markets are said to be in a “surplus” when the supply exceeds the demand. Most market participants, including companies like Freeport-McMoRan (FCX), expect the markets to be in a structural deficit by the end of this decade. In the short term, the outlook has become a little hazy. China’s copper imports, which are seen as a leading indicator of the country’s copper demand, have been strong.