Copper Demand Driven by Users Replenishing Inventories, BHP Billiton Says

Physical copper demand is being driven by consumers replenishing inventories amid a mixed outlook for commodities in the “short term”, BHP Billiton Ltd., the world’s largest mining company, said today.

“There is strong physical demand for some commodities such as copper where consumers are restocking and premiums continue to rise,” BHP Billiton said in an earnings statement to the Australian stock exchange. “There is weaker demand for those commodities where short-term demand is likely to be satisfied by inventory rather than primary supply,” the company said.

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