The world copper market was in a deficit of 42,000 metric tons during the first four months of 2008, the World Bureau of Metal Statistics said Wednesday.
This compares with a deficit of 135,800 tons for the same period of 2007.
Copper mine production for the first four months of the year was 4.93 million tons, 3.6% lower than in January to April 2007. Refined production rose 1.7% to 5.996 million tons.
Consumption in January to April was 6.04 million tons, virtually unchanged from the same period of the previous year.
Impact ; This is slightly positive for Copper prices.
regards ,
Kamlesh Jogi
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