FORECAST: Copper market to rebound in 2018, ICSG says

The global refined copper market is expected to rebound from last year's 163,000-tonne deficit to record a modest 40,000-tonne surplus in 2018 before falling back to a 330,000-tonne deficit in 2019, according to the International Copper Study Group (ICSG).

World mine output is projected to grow by some 3% this year and remain roughly unchanged through 2019, the group said. "Part of the growth expected in 2018 is due to the recovery from constrained output last year, mainly in Chile and Indonesia," the trade group said. Unlike last year, when mine supply was affected by strikes and flooding in South America, there have been minimal...

Published

Dalton Barker

April 30, 2018

03:04 GMT

Chicago