Phelps Dodge CEO sees red metal shortage

摘要

The copper market faces a shortage of supply for at least the rest of 2005,which should underpin prices even as the red-hot metal's advance moderates,says Steve Whisler,the top executive of Phelps Dodge,the world's second largest copper producer.We continue to see strong fundamentals,he told the Reuters News Service Mining Summit.Demand is outstripping supply,not by a wide margin,but we are going to end the year,at least in our estimation,in a deficit again.