Abstract The World Bureau of Metal Statistics (WBMS) official website released a report on Wednesday (May 17) that the global copper market has a surplus of 148,000 tons in January-March 2017 and a surplus of 199,000 tons in 2016. January-March 2017 Global Mine...
The World Bureau of Metal Statistics (WBMS) official website announced on Wednesday (May 17) that the global copper market in January-March 2017 had a surplus of 148,000 tons, and the 2016 annual supply surplus was 199,000 tons. Global mine copper production in January-March 2017 was 4.97 million tons, an increase of 2.2% over the same period in 2016.
From January to March 2017, global refined copper production was 5.76 million tons, down 0.1% year-on-year. China's production increased by 146,000 tons, and Chile's production decreased by 123,000 tons.
Global copper consumption in January-March 2017 was 5.61 million tons, compared with 5.7 million tons in the same period in 2016. From January to March, China's apparent consumption decreased by 180,000 tons to 2.671 million tons, accounting for 48% of global demand. The output of the EU 28 countries decreased by 0.2%, and the demand was 834,600 tons, down 4.7% year-on-year.
In March 2017, global refined copper production was 1.957 million tons and consumption was 1,987,300 tons.
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