WBMS: Global Copper Surplus Expands to 335,000 tonnes in January-February 2017

SHANGHAI, Apr. 20 (SMM) - World Bureau of Metal Statistics (WBMS) reported global copper market was in 335,000 tonnes of surplus in the first two months of 2017, compared to 215,000 tonnes of surplus in 2016.

Copper production at global mines totaled 3.36 million tonnes during January-February, up 6.4% year-on-year.

Global copper cathode production increased to 3.85 million tonnes during January-February, a rise of 1.9% on a yearly basis. Output in China grew 88,000 tonnes, and added 9,000 tonnes in India. 

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