LONDON, Feb 23 (Reuters) – The world refined copper market showed a deficit of 77,000 tonnes in November compared to a negative balance of 145,000 tonnes in October, the International Copper Study Group (ICSG) said. English) in their monthly newsletter.
Between January and November last year, the copper market registered a deficit of 589,000 tonnes compared to a deficit of 427,000 in the same period of the previous year.
World production of refined copper in November was 2.12 million tons, while consumption was 2.20 million tons.
World stocks of refined copper stood at 1,265 million tonnes at the end of November compared with 1,329 million tonnes at the end of October, according to the ICSG.
(Report by Pratima Desai; Edited in Spanish by Janisse Huambachano)