Analysts estimate the mining sector will be increased demand for copper and copper price increases from year to year until the year 2012. Barclays Capital analyst Gayle Berry said, the physical demand for copper began to rise and the price of copper has increased. Copper price changes on trade is estimated to average 5140/ton this year and next year is expected to increase to 6438/ton.

GFMS analysis estimates the average price of copper increased in 4900/ton and reached the quarter the average price of 6500/ton. The increase in copper prices caused users to anticipate future shortages.

GFMS expects 88,000 tons of copper deficit next year, increasing investor interest and raise prices, with the spot price exceeds 7500/ton next year and the average 6500/ton for the full year.

China as the country’s most extensive import demand for raw materials mining, are likely to increase demand for imported copper, because China has made improvements in the industrial sector growth.

This year, demand for copper is expected to be marginally higher than last year because of Chinese consumption and recovery elsewhere in the world might begin to end the year. At the same time, production tends to remain unchanged, resulting in smaller than expected surplus of about 245000tons, GFMS said.

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