KONTAN.CO.ID - TOKYO. Pan Pacific Copper (PPC), Japan's top copper smelter, expects a global shortage in copper to be less acute next year as top consumer China's output increases and its demand growth softens amid the prolonged U.S.-Sino trade row, a company official said. PPC, which is also a miner and is controlled by JXTG Holdings, projects the global consumption and supply of refined copper to climb by 1.5% and 1.7% respectively in 2020 compared with this year, Naoki Kojima, PPC's general manager for marketing, told Reuters on Friday. "China's demand will continue to grow next year, but at a slower pace than this year and than we had expected last year," he said, citing weaker industrial demand for the metal, widely used in power and construction.
Japan's Pan Pacific sees global copper shortage shrinking in 2020
KONTAN.CO.ID - TOKYO. Pan Pacific Copper (PPC), Japan's top copper smelter, expects a global shortage in copper to be less acute next year as top consumer China's output increases and its demand growth softens amid the prolonged U.S.-Sino trade row, a company official said. PPC, which is also a miner and is controlled by JXTG Holdings, projects the global consumption and supply of refined copper to climb by 1.5% and 1.7% respectively in 2020 compared with this year, Naoki Kojima, PPC's general manager for marketing, told Reuters on Friday. "China's demand will continue to grow next year, but at a slower pace than this year and than we had expected last year," he said, citing weaker industrial demand for the metal, widely used in power and construction.