The trade statistics published by the World Bureau of Metal Statistics (WBMS) indicate that global copper market recorded modest deficit during the initial eleven-month period of the current year. The global copper market recorded deficit of 1,203 kt during this period. This follows a deficit of 383kt recorded during the whole of year 2019. The reported copper metal stock declined by 11 kt, when compared with end-December 2019 levels. The LME warehouses reported net deliveries of nearly 5.2kt, The Comex stocks increased by 37.8 kt, whereas the Shanghai stocks fell by 30.7 kt during Jan-Nov ’20. The world copper mine ... (full story)