World refined copper market logs surplus
Dec 02, 2005 | 09:52 AM
| Matthew Lerner
The world refined copper market registered the first monthly production surplus of the year in August as refined usage fell to the lowest level thus far in 2005, according to preliminary data from the International Copper Study Group (ICSG), Lisbon, Portugal.The refined copper surplus stood at about 88,000 tonnes in August, although this figure decreases to 8,000 tonnes when seasonally adjusted, in contrast to a 5,000-tonne deficit the previous month (seasonally adjusted to a 37,000-tonne deficit). The August surplus was attributed largely to weaker use of copper during the summer vacation period.....
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