Analysts from French bank BNP Paribas forecast that Global supply of copper in 2010 to 2012 will be below demand.

According to the bank’s assessment, this year the shortage will be 50,000 tonnes next year it’ll increase to 400,000 tonnes but in 2012 decrease to 150,000 tonnes. Production of refined copper this year is expected at the level of 18.75 million tonnes next year 19.45 million tonnes in 2012 20.75 million tonnes. Consumption is estimated correspondingly at 18.8 million tonnes, 19.85 million tonnes and 20.9 million tonnes.

In the world tin market shortage in the current year is expected at approximately 17,000 tonnes and in 2011, 20,000 tonnes. Production of refined tin in accordance with the bank forecast is 327,000 tonnes in 2010 and increase to 340,000 tonnes in 2011. The demand to grow from 344,000 tonnes to 360,000 tonnes correspondingly.

In the world aluminum market a balanced supply and demand situation may form by 2012 after 5 years of oversupply. Zinc excessive supply will be kept through 2010 and 2011.

(Sourced from FinMarket)