H1 2017 shows world refined copper deficit of 75 000 t

The world’s refined copper balance for the first half of 2017 indicates a deficit of around 75 000 t, including revisions to data previously presented, the Lisbon-based International Copper Study Group revealed on Wednesday. This is mainly owing to stagnant growth in the world refined copper supply, the think tank said in its September copper bulletin. However, the copper balance in the first half of the year, adjusted for changes in Chinese bonded stocks, indicates a deficit of around 5 000 t.