The fundamental picture of the refined copper market tightens this year In contrast to the ICSG, we believe that the global refined copper market recorded a small surplus of 74,000 tonnes in H1, which was...
The ICSG estimates that the refined copper market was in a deficit of 190,000 tonnes in the first five months of the year, compared with a smaller deficit of 131,000 tonnes in the same period of 2018. The slightly deeper deficit was the result of a stronger contraction in global refined output (-1%), which more than offset the small decline in global apparent usage (-0.3%).
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