Analyst on Global Copper Supply Demand
Stefan Ioannou, Mining Analyst at Cormark Securities, speaks about the global supply demand of copper
Stefan Ioannou remains very constructive on copper over the long term. According to Ioannou, over the last 5 to 10 years, there’s been very little capital spent to develop new large scale projects to meet growing supply demand globally. And that stands to catch up with the market in due course.
“One other thing we’re seeing is that the big projects that are on the drawing board tend to be lower grade. A lot of the low hanging, high grade fruit has been picked already by the majors”, says Ioannou.
This forecast statistic shows the total revenue of copper processing in Canada from 2008 to 2012. It also has forecasts up until 2020.