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Refined Copper Market Culminated in Deficit Until November
The International Copper Study Group (ICSG) has released its February 2021 Copper Bulletin, which provides preliminary data for November 2020. In accordance with the data provided by ICSG, the world copper mine production dropped marginally by nearly 0.2% in the initial eleven-month period of 2020. The concentrate production has increased by 0.4%, whereas the SX-EW output has declined by about 2.2%. Chile-the world’s largest copper mine producing country saw its output remain more or less unchanged, following a 2.5% surge in the first six months, followed by 2.9% dip in July-November 2020. The adverse weather ... (full story)