Home » World refined copper market in 103,000 tonne surplus in January –ICSG

World refined copper market in 103,000 tonne surplus in January –ICSG

by CoinVeem

A file photo shows an employee carrying copper hoses at the Sociedade Paulista de Tubos Flexiveis (SPTF) metallurgical company which manufactures flexible metal hoses, in Sao Paulo April 20, 2012.
A file photograph reveals an worker carrying copper hoses on the Sociedade Paulista de Tubos Flexiveis (SPTF) metallurgical firm which manufactures versatile metallic hoses, in Sao Paulo April 20, 2012.

The world’s refined copper market had a 103,000 tonne surplus in January, in contrast with a ten,000 tonnes surplus the earlier month, the Worldwide Copper Research Group (ICSG) stated in its newest month-to-month bulletin.

World refined copper output was 2.27 million tonnes and consumption was 2.16 million tonnes, the ICSG stated on Wednesday.

Reporting by Swati Verma in Bengaluru
Enhancing by David Goodman

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