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ICSG: Global Copper Market In 100,000 Ton Surplus In 1Q
LONDON, Jun 22, 2010 (Dow Jones Commodities News via Comtex) -- The global refined copper market was in a surplus of about 100,000 metric tons in the first quarter 2010, the International Copper Study Group said Tuesday.
In March, the market was in a deficit of around 70,000 tons, ICSG said.
Refined copper output in the first quarter rose 5%, or 220,000 tons on-year, while consumption grew around 8.5%, or 360,000 tons.
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