Although COVID-19-related disruption caused supply issues and transportation bottlenecks, there is a bigger narrative around copper, with “modest deficits” still projected this year, a former EVP at Vale Canada Ltd said. “I think the fact is, on the demand side, we saw much less effect from the pandemic than on the supply side.” In another Interview, a former analytics manager at Anglo American plc noted that copper has actually been in deficit for three years. “And these deficits are not inconsequential,” they said. “They’re pretty large numbers.”
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