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February 24, 2016 copper market dynamic express

 Last Update: 2022-11-28
 Source: Internet
 Author: User

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Copper market dynamics on February 24: 1.
According to news, the International Copper Research Group (ICSG) released the latest monthly report showing that the global refined copper market was short of 27,000 tons in November 2015 and 14,000 tons
in October.
The global refined copper market was oversupplied by 51,000 mt in January-November 2015, compared with a shortfall of 544,000 mt
a year earlier, ICSG said.
Global refined copper production and consumption in November 2015 was 1.
96 million tonnes and consumption was 1.
99 million tonnes.

In November 2015, China's bonded warehouse copper stocks were short of 24,000 tons, and in October there was a shortage of 42,000 tons
.

Copper Market Dynamics

2.
China's Wanbao plans to restart the once-controversial Laipitang copper mine joint venture
project in Myanmar in May this year.
A spokesman for Mabuchi in Myanmar said it would start production under the new government and still had some unresolved issues
with the local population.

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