On Friday, November 21, the International Copper Study Group (ICSG) stated in its latest monthly bulletin that the global copper cathode market recorded a deficit of 51,000 mt in September, while there was a surplus of 41,000 mt in August.
The agency reported that the market showed a surplus of 94,000 mt in the first nine months of the year, compared to a surplus of 310,000 mt during the same period last year.
Global copper cathode production was 2.37 million mt in September, with consumption at 2.42 million mt.
After adjusting for inventory changes in Chinese bonded warehouses, the market showed a deficit of 50,000 mt in September, compared to a surplus of 47,000 mt in August.
(Comprehensive Report by Wen Hua)
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