Production Deficit in Copper Market for June, Says ICSG

Platts reported that according to data released on Friday by the International Copper Study Group, the refined copper market showed a production deficit of 36,000 MT.

As quoted in the market news:

The data further showed that the apparent refined copper balance for the first half of this year — including revisions to previous data — showed a production deficit of 473,000 mt, which ICSG said works out to a seasonally adjusted deficit of 292,000 mt.

The first-half production deficit compares with a deficit of 131,000 mt in first-half 2011, or a seasonally adjusted surplus of 56,000 mt.

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