Copper surplus won't significantly alter prices -Codelco CEO

CALAMA, Chile Tue Nov 12, 2013 11:05am EST

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CALAMA, Chile Nov 12 (Reuters) - Copper prices won't be significantly hurt by the moderate global surplus expected next year, world No. 1 copper producer Codelco Chief Executive Officer Thomas Keller told Reuters on Tuesday during a mine visit.

World demand for the red metal has exceeded supply since the global financial crisis, but increased output from new and existing mines has been expected to reverse that trend from 2013.