The aggregate supply of the metals copper, lead and nickel on world markets in the period 2010-2012 will be less than demand, according to a forecast of the French bank BNP Paribas. It is estimated that the bank this year, the shortage of copper on world markets will be 50 000 metric tonnes in the next to reach 400 thousand metric tons, but in 2012 will be reported a decline to 150 thousand tons. Copper production this year in the world is estimated at 18.75 million tonnes for 2011 are expected 19.45 million tons and in 2012 – 20.75 million tonnes of consumption for three years, according to experts the bank will accordingly be 18.8 million tons, 19.85 million tons and 20.9 million tons. The shortage of lead in world markets this year is estimated at about 17,000 tons, and the next expected shortfall of 20 000 t. In particular, production of lead, according to forecasts of BNP Paribas, in 2010 is 327 thousand . t, and next year will increase to 340 thousand tons, however, sought for this year will be 344 thousand tons and for 2011 – 360 thousand tons. The deficit of nickel on world markets this year is expected to be around 75 000 tons. On the other hand, sought after excess supply of aluminum in the global market by 2012 is expected to have a balanced picture.
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The Copper rose sharply on the international stock markets and has made its biggest jump for the last nearly one year after the strong earthquake that hit Chile during the weekend. South American country is the largest copper producer in the world, it is expected a strong earthquake of magnitude 8.8 on the Richter scale to affect the international supply of the metal in the coming weeks. With copper delivery in May rose by 6.2 percent to 3.4870 dollars per pound in today’s times of e-commerce York Stock Market NYMEX. This is the biggest price increase within one day of April last year. The price of the metal rose by 5.6 percent to its highest level in five weeks on the London Metal Exchange from 7 600 dollars per metric ton. Copper is essential for the economy because of its wide use. It is used for wiring for telecommunications networks, manufacturing of pipes for water pipelines, automobiles and computers. This makes it one of the important landmarks of activity in the industrial sector. Economists called the metal “Dr. Copper” because of its ability to suggest trends in the economy. Copper rose by 140 percent in 2009, is presented as better than all the metals used in manufacturing and construction sector. However, increasing the risk of making metal in the next bubble in financial markets.
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