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ICSG: Global copper market facing shortage of 235,000 tons in H1 2020

23 Sep 2020 14:16 reported by Joy Liu

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According to a monthly report released by the International Copper Study Group (ICSG) on September 21, the global refined copper market had a shortage of 235,000 tons in the first half of this year, compared to 310,000 tons in the same period a year ago.

During the same period, global refined copper production had a year-on-year increase of 1% to 11.9 million tons, mainly driven by the year-on-year growth of 12.5% from Chile.

The global apparent consumption of refined copper was up by 0.3% compared to the first half of 2019, reaching 12.13 million tons.

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