Abstract On May 22, the International Copper Research Group (ICSG) said in its latest monthly report that the global refined copper market had a surplus of 93,000 tons in February and a surplus of 55,000 tons in January. INSG said that in the first two months of this year, the world...
On May 22, the International Copper Research Group (ICSG) said in its latest monthly report that the global refined copper market had a surplus of 93,000 tons in February and a surplus of 55,000 tons in January. INSG said that in the first two months of this year, the global copper market had a surplus of 149,000 tons, compared with a surplus of 44,000 tons in the same period last year.
Global refined copper production in February was 1.79 million tons, while consumption was 1.69 million tons.
China's February bonded warehouses had a surplus of 173,000 tons of copper, and in January it was a surplus of 80,000 tons.
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