ICSG: Global Copper Market to See Supply Deficit This Year

According to data released by the International Copper Study Group (ICSG) last Friday, copper production at global mines is expected to increase by about 3% this year and by about 2.5% next year.

According to the report, it is expected that there will be a supply gap of 114,000 mt in the global copper market this year, and an expected surplus of 298,000 mt in the global copper market will occur next year.　

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