ICSG copper surplus forecast is too high: Aurubis
Oct 23, 2012 | 11:28 AM
| Mark Burton
Tags
Aurubis,
ICSG,
International Copper Study Group,
refined copper,
production surplus,
mine supply,
LME warehousing,
Charles Li
Mark Burton
LONDON — The global refined copper market is unlikely to witness the 458,000-tonne surplus that the International Copper Study Group forecast for the first half of next year, Aurubis AG said in a note Monday.
Chief executive officer Peter Willbrandt told AMM sister publication Metal Bulletin last week that it is targeting benchmark treatment and refining charges close to $80 per dry tonne (8 cents per pound) for next year, responding to forecasts of looser concentrates supply. ....
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