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ICSG: Copper likely to swing to surplus in 2014

Posted on 04 April 2014

The global copper market could show a production surplus relative to demand in 2014 ending four consecutive years of deficits, the International Copper Study Group said Thursday after a meeting in Lisbon, Portugal. According to ICSG projections, world production of refined copper is expected to exceed demand for refined copper by about 400,000 metric tons, as demand will lag behind the growth in production.
The world refined copper balance in 2013 showed a production shortfall relative to demand of around 280,000 tons mainly due to constrained growth in refined production and growth in China’s apparent demand, said the group………………………………Full Article: Source


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