2 Min Read TOKYO (Reuters) - Pan Pacific Copper (PPC), Japan’s top copper supplier, expects the price of the industrial metal to hover between $6,500 and $7,000 a tonne in 2021, against about $7,850 now, as demand recovery is limited and the market will register a surplus, its executive said. PPC, jointly owned by JX Nippon Mining & Metals and Mitsui Mining and Smelting, projects the global consumption and supply of refined copper to increase by 3.3% and 2.6% respectively in 2021 from this year, Naoki Kojima, PPC’s general manager for marketing, told Reuters on Wednesday. PPC sees the global refined copper market facing a surplus of 121,000 tonnes next year, against a surplus of 291,000 tonnes this year.