In this week’s analysis, we discuss the main fundamental trends of the global copper market in the first half of the year, based on the latest ICSG statistics, while highlighting our projections for the remainder of the year. Global mine production contracted by 1.4% year on year in...
Refined market balance
The ICSG estimates that the refined copper market was in an ‘apparent’ deficit of 220,000 tonnes in H1 2019, compared with a smaller deficit of 177,000 tonnes in the same period of 2018. We project a ‘real’ deficit of 224,000 tonnes in 2019.
Mine production
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