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As on Oct 18, 2019 12:00 AM Your results on : End Session    
Commodities Buzz: Global Refined Copper Output Down 2% In First Eight Months Of 2019
18-Oct-2019 (18:30)

According to the World Bureau of Metal Statistics (WBMS), copper market recorded a deficit of 123 kt in January to August 2019 which follows a deficit of 266 kt in the whole of 2018. World mine production in January to August 2019 was 13.41 million tonnes which was 0.5 per cent higher than in the same period in 2018. Global refined production for January to August 2019 was 15.47 million tonnes, down 2 per cent compared with the previous year with significant decreases recorded in India (down 88 kt) and in Chile (down 206 kt).

Global consumption for January to August 2019 was 15.47 million tonnes compared with 15.79 million tonnes for the same months of 2018. Chinese apparent demand for the period January to August 2019 was 7836 kt which was 3.3 per cent lower than the first eight months of 2018. EU28 production fell by 3.6 per cent and demand was 2154 kt, 4.4 per cent below the January to August 2018 total. In August 2019, refined copper production was 2004.3 kt and consumption was 2011.2 kt.

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