Global copper market only base metal in surplus January-October – WBMS says

The copper market recorded a tiny surplus in the first 10 months of the year, according to the World Bureau of Metal Statistics (WBMS), with all other base metals in deficit.

Copper was in a surplus of 5,700 tonnes in January-October 2017, which follows a deficit of 102,000 tonnes in the whole of 2016. WBMS reported that world mine production for copper in January-October 2017 was 16.87 million tonnes, 0.2% lower than in the same period in 2016. Meanwhile, global refined production for the first 10 months of the year was 19.49 million tonnes, up 0.7% with a significant increase recorded in China. Global copper consumption for January-October 2017 was 19.49 million tonnes, down slightly...


Alice Mason

December 13, 2017

14:18 GMT