A copper deficit is set to inundate global markets throughout 2023, fueled by increasingly challenged South American supply streams and higher demand pressures.
since December when China announced plans to lift a slew of Covid measures.
However, Tanners from Wolfe Research said she's not expecting a "huge spurt" of activity and consumption of copper as China hums back to life. An electric vehicle charging at the Revel charging station in the Brooklyn borough of New York, U.S., on Monday, Oct. 24, 2022.However, she added that the broader electrification phenomenon will likely be a bigger fundamental driver for copper demand.
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