Copper market may get a 2003-style supply shock from Glencore closures - Reuters

NEW YORK As copper miners start to slash spending and shutter mines because of the plunge in the price of the metal, experts who analyze the market in the base metal are suddenly getting a little more cheery.

They are seeing the potential for a re-run of 2003 when Chile’s Codelco, the world’s top copper producer stockpiled 200,000 tonnes of the metal that is used in everything from pipes to autos, providing the market with a supply shock that soon drove copper prices back up.

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