FQVLF - Copper likely staying on tight path for up to 10 years CFO says

London copper (HG1:COM) closes +1.2% to $9,171/lb., as prices for the metal remain at near-decade highs with consumption projected to outstrip near-term supply while many countries look to lift economic growth.Southern Copper ([[SCCO]] +1.4%), one of the world's largest copper companies, says the market probably will not see new supply for another 8-10 years.Prices already are well above the incentive level for new projects that would help ease the supply squeeze, but it can take twice as long to build mines now than in the past, Southern Copper CFO Raul Jacob tells Bloomberg."If this price level holds, we should see announcements of new projects coming in the market," Jacob says, but the lag time from decision to production will make the copper price cycle "a little bit longer than in the past."The next generation of copper mines must contend with lower ore quality that can push up costs while adhering to

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Copper likely staying on tight path for up to 10 years, CFO says