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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