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Copper use to grow marginally
The International Copper Study Group (ICSG) convened in Lisbon, Portugal, during late October. Government delegates and industry advisors from most of the world's leading copper producing and using countries met to discuss key issues affecting the global copper market. The ICSG Statistical Committee reviewed the world balance of refined copper production and use. In developing its global market balance, the ICSG uses an apparent demand calculation for China, the leading global consumer of copper, accounting for about 45% of world demand. Apparent copper demand for China is based only on reported data and does not consider changes in unreported stocks [State Reserve Bureau (SRB), producer, consumer and merchant/trader], which can be significant during periods of stocking or de-stocking and which can markedly alter global supply-demand balances.
Copper use to grow marginally
The International Copper Study Group (ICSG) convened in Lisbon, Portugal, during late October. Government delegates and industry advisors from most of the world's leading copper producing and using countries met to discuss key issues affecting the global copper market. The ICSG Statistical Committee reviewed the world balance of refined copper production and use. In developing its global market balance, the ICSG uses an apparent demand calculation for China, the leading global consumer of copper, accounting for about 45% of world demand. Apparent copper demand for China is based only on reported data and does not consider changes in unreported stocks [State Reserve Bureau (SRB), producer, consumer and merchant/trader], which can be significant during periods of stocking or de-stocking and which can markedly alter global supply-demand balances.
Copper use to grow marginally
2016
Aufsatz (Zeitschrift)
Englisch
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