Copper will remain in short supply
for a third straight year in 2012 as China-led demand boosts
prices, Japan’s top producer said.
Demand will likely exceed supply by 495,000 metric tons in
2011, the biggest deficit since 2004, compared with 214,000 tons
last year, said Akira Miura, executive officer of the marketing
and raw-material department at Pan Pacific Copper Co., Japan’s
biggest producer. The shortage may shrink to 31,000 tons in 2012,
he said.