Global copper deficit grows, may boost prices

The global refined copper deficit has expanded and is poised to propel prices to fresh highs in 2018.

The global refined copper market posted a deficit of about 180,000 tonnes for the first nine months of the year, up from a 50,000-tonne deficit in the first eight months of the year, the International Copper Study Group (ICSG) said on Wednesday December 20.
Previously, the organization had forecast a total 2017 deficit of 150,000 tonnes as well as a similar 105,000-tonne shortfall in 2018.

The Lisbon, Portugal-based group cited stagnant mine growth. World mine production is estimated to have declined around 2.5% in the first nine months...

Published

December 22, 2017

01:01 GMT

Chicago