copper concentrate surplus

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Jul 20 2020 · The supply of copper has swung into a surplus in 2020 after several years of supply deficits Copper prices have rallied after years of falling

Nov 09 2016 · Which doesn’t mean there hasn’t been a shift to surplus dynamics in the copper market It’s just that it’s taken place in a different part of the supply chain Mine supply of copper concentrates

Jul 30 2020 · According to the ICSG the global copper market posted a surplus of 60000 metric tons through the first four months of the year However changes in Chinese bonded stocks indicated a

May 11 2020 · “As a result we now expect the global copper market to fall into a large surplus of 344kt in 2020 compared to a deficit of 63kt in 2019

The copper concentrate market will be tight in the longterm but periodically there will be a surplus and the global concentrate market will see a 5 surplus in 2016 mainly due to the “stagnation in the growth of China’s refined copper capacity” Zhou Ming vp of China’s third largest copper producer told delegates at Antaike’s 13th China Copper Conference in Guangxi Nanning on

Its copper concentrate market is seen flipping to a deficit of 12000 tonnes this year and a deficit of 10000 tonnes in 2019 from a 173000 tonne surplus in 2017 Chinas refined copper demand growth will be at 3 percent next year down from percent in 2018 Antaike says 23January Copper concentrate market to shift to surplus in 2013

Oct 16 2014 · Copper After five years in a row of deficits the copper market should show a production surplus in 2015 according to the International Copper Study Group The ICSG forecasts a deficit of refined copper this year of about 270000 tonnes before swinging to a surplus next year of an estimated 390000 tonnes

Copper price update Q2 overview Copper prices kicked off Q2 trading at US4772 per tonne They started to rebound from there to finish the quarter at US6038 their highest level for the period

Aug 10 2020 · As money copper didn’t have the intrinsic value that gold and silver had Its value was tied to its usefulness so a copper tool was regarded as more valuable than a formless amount of the metal Various civilizations put different price tags on its value The ancient Egyptians regarded it as having the worth of 1100 of silver

Medium and smallscale copper smelters who are reliant on spot copper concentrate trades that see lower TCs than longterm supply agreements are very likely to cut production this year if a sulphuric acid supply surplus further widens and pushes smelters to deeper losses