Copper markets were in surplus 118,000 tonnes in the first quarter
Commodity Online reports that copper markets were in surplus of 118,000 tonnes during January — March this year according to the World Bureau of Metal Statistics. The market was in surplus 43,000 tonnes for the whole of 2010.
Stocks of copper by end of March 2011 were 138,000 tonnes higher than by the end of 2010. Refined copper production was 4.76 million tonnes in Jan-March 2011, up 1.8% compared to the first quarter of 2010.
