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Article: Australia : World short of copper, 10 Mt supply gap in 2020 BHP Billiton.
- Article from:
- TendersInfo
- Article date:
- October 5, 2009
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A copper supply shortage is looming, but top tier copper resources that could fill the supply gap are not only hard to find, but would take time to turn to account.
Independent consultancy GFMS says a copper deficit of 88 000 t is likely, which, it says, is likely to push the copper price to $7 500/t in 2010. BHP Billiton base metals marketing director Dave Martin says: "We have a challenge in copper supply and need the industry to develop resources." Martin calculates that there will be a copper supply gap of 10-million tons in 2020. He arrives at the figure by adding the supply from the current mines, planned expansions, mines under construction and probable ...