Copper market in 24,000 tonnes surplus in Dec 2020 – ICSG

The global world refined copper market showed a 24,000 tonnes surplus in December, compared with a 93,000 tonnes deficit in November, the International Copper Study Group (ICSG) said in its latest monthly bulletin.

For the first 12 months of the year, the market was in a 559,000 tonnes deficit compared with a 383,000 tonnes deficit in the same period a year earlier, the ICSG said.

World refined copper output in December was 2.11 million tonnes , while consumption was 2.09 million tonnes.