Health & Fitness
Looking into the Future with Metals
Current market consensus is that metal prices will suffer from surplus supply for a while.
6.4 Million Tons: Estimated excess demand for copper in 2022
Current market consensus is that metal prices will suffer from surplus supply for a while. But according to research firm Wood Mackenzie, this could turn around in 2016. Demand for copper, zinc, lead and nickel is then expected to outpace production from existing mines. For example, the estimated world demand for refined copper in 2022 is 25.1 million tons (mt). However, existing mines are expected to produce only 18.7 mt that year, suggesting a supply gap of 6.4 mt. New mines could close this gap, but even "probable" projects in the mining industry tend to disappoint—or not materialize at all.
Learn more about the challenges and opportunities in metals from BlackRock's natural resources experts.
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Source: BlackRock; Wood Mackenzie, 2012
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Prepared by BlackRock
Delivered courtesy Joel W. Grams, CRPC®, CLTC,
Registered Representative, Financial Planner, 212 Capital Group
38 Main Street Suite 360, Westlake Ohio 44145
(440)835-4501 Ext 17, jgrams@212capitalgroup.com
The foregoing discussion is general in nature and not intended as specific advice.
New England Financial nor its representatives are engaged in rendering tax,
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For information on New England Financial insurance or other financial products and services, please contact Joel W. Grams, CRPC®, CLTC, Registered Representative, Financial Planner with /New England Financial 38 Main Street Suite 360, Westlake, OH 44145, at (440) 835-4501 ext. 17, jgrams@212capitalgroup.com www.212capitalgroup.com
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