WBMS: Global Copper Deficit Narrows Significantly in January-April

SHANGHAI, Jun. 22 (SMM) - World Bureau of Metal Statistics (WBMS) reported Wednesday global copper supply was in 5,000 tonnes of deficit during January-April 2017, compared to 69,000 tonnes of deficit in 2016, wenhua.com reported.

Copper inventories slid in April, but increased 82,000 tonnes in late April from late December 2016.

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Output from global copper mines totaled 6.55 million tonnes during January-April 2017, down 0.6% from the same period of last year.

Global copper cathode production was 7.67 million tonnes during January-April 2017, down 0.6% from the same period of last year. 

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