Global copper market logs 62,000-tonne deficit

Jan 23, 2014 | 11:54 AM | Andrea Hotter

Tags  copper, International Copper Study Group, ICSG, copper deficit, andrea hotter

NEW YORK — The global refined copper market deficit totaled 62,000 tonnes in October and 169,000 tonnes in the first 10 months of last year due mainly to record-high Chinese demand, according to International Copper Study Group (ICSG) data.

Year-to-date refined copper production rose 6.2 percent, or 1.02 million tonnes, from the first 10 months of 2012, with primary output up 5 percent, or 678,000 tonnes, and secondary production from scrap 11.5 percent, or 342,000 tonnes, higher.....

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