ATI Inc. press release
Copper Supply Unexpectedly Lower Than Initially Thought
NYSE - New York Stock Exchange · Nickel · Zirconium · Hafnium · Titanium · Chromium · United States
The copper market has unexpectedly lost the surplus supplyit was poised to enjoy for the next few years. Experts had predicted asurplus of the metal through the end of the year and into 2024; that surplus was expected to contribute to additional supply in the coming years. The general consensus was that there would be a comfortable supply surplus for the near future until surging demand from renewable infrastructure and electric vehicles tightened the market later in the decade.
However, the mining industry dashed these expectations when it demonstrated how vulnerable it is to market factors such as social opposition and politics as well as...
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