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Smaller global copper deficit seen in December – ICSG

Creamer Media Deputy Editor: North America
The International Copper Study Group said Monday the global copper market deficit had fallen back to about 50 000 t in December, following a deficit of about 90 000 t in November. According to the group’s latest copper bulletin, world mine output is estimated to have increased by around 5%, or one-million tonnes, with concentrate output increasing by 7% and solvent extraction-electrowinning declining by 2%.

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