Good news in the copper market - the global copper market in May slipped to its first deficit after seven consecutive months of surplus

Good news in the copper market - the global copper market in May slipped to its first deficit after seven consecutive months of surplus. It shows a 17,000-tonne shortfall, as demand rose in China and the United States, according to the International Copper Study Group (ICSG). It said apparent refined demand from top consumer China in May was at its highest level since December 2011, while usage in the United States was at its highest since March 2012, outpacing a steady rise in global refined production.


Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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