Copper surplus reaches 154 000 t in August on weaker Chinese demand, seasonality

New analysis by the International Copper Study Group (ICSG) has shown an apparent production surplus of around 154 000 metric tonnes in August, mainly owing to weaker Chinese demand and seasonally weak use in other regions. The Lisbon, Portugal headquartered think tank said in a statement Monday that when making seasonal adjustments for world refined production and use, August showed a production surplus of about 56 000 t.