MTECHTIPS;-Copper Looks Supported On Deficit Talk

MTECHTIPS;-Copper Looks Supported On Deficit Talk

MTECHTIPS;-Copper Looks Supported On Deficit Talk

MTECHTIPS-Copper edged up after recent tumble as traders eyed the staggered recovery in equities. Global Copper market will see a supply deficit in the 2020 s as emerging technologies that rely on the metal become more prevalent, according to Barnaul Socratic, CEO of copper and diamonds at Rio Tinto, noted media reports. The era of electric vehicles and similar technologies is on the horizon, leading a shift in copper supply and demand. Tightening supply and solid demand are combining to produce a positive pricing environment Socratic noted in a copper conference in Santiago, Chile

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