Fox Business: “A growing copper deficit could impact the market for years to come as mining setbacks in South America mount…
Edward Moya, senior market analyst at OANDA in New York, told FOX Business ‘Peru, which accounts for 10% of global copper supply, and Chile, have experienced too many setbacks with poor ore quality, strikes, and water restrictions.’
Now, ‘The copper market will likely be in a deficit for years to come,’ he added. ‘Copper demand was solid in 2022, and if we see a robust reopening from China, prices could rally significantly.'”