Giant Glencore on Copper22 Feb 2018 12:34
Global copper supply is expected to be affected by ageing assets, limited sector reinvestment, a diminished project pipeline and an elevated risk of mine disruptions, Glencore said.
�With global economic growth pointing to healthy demand, the copper market is likely to remain in substantial supply deficit, which, if it occurs, will in turn result in further inventory drawdowns,� it said.
The emerging battery and EV trend adds further uplift to the demand outlook and attractive fundamentals. With copper and cobalt expected to play important roles across the value chain of the energy and mobility evolution, from power generation and distribution, to energy storage and vehicles, it added.
https://www.fastmarkets.com/base-metals-news/americas/glencore-positive-copper-zinc-nickel-amid-ev-optimism-2017-net-income-jumps-four-fold/