Copper Group Pours Cold Water on Hot Rally With View of Plenty
- Supplies of metal seen exceeding demand through 2022: ICSG
- Outlook comes as Goldman, Trafigura see tightening supplies
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One of the best performers in a red-hot commodity market may be headed for a speedbump.
The International Copper Study Group said on Monday that supply of the metal will exceed demand this year and next, countering expectations for tightening supplies that have driven the metal close to a record high.