Global copper market logs small surplus in January - ICSG

The global copper market remained balanced at the start of 2018, with a refined surplus of 33,000 tonnes in January, according to International Copper Study Group (ICSG) data.

The Portugal-based trade group had said in March that it expected a 105,000-tonne shortfall this year before reversing that estimate in April, when it stated the market would record a modest 40,000-tonne surplus in 2018 before falling back to a 330,000-tonne deficit in 2019. Futures under pressure The absence of mine disruptions, a reversal of the market balance and threats of a trade war...

Published

Dalton Barker

May 08, 2018

04:41 GMT

Chicago