Foreign media news on May 23: The monthly report released by the International Copper Study Group (ICSG) on Tuesday shows that the global refined copper market has a surplus of 332,000 tons in the first quarter of 2023, compared with a surplus of 8,000 tons in the same period last year. Ton.
ICSG said that in the first quarter, global refined copper production was 6.69 million tons, an increase of 7.5% year-on-year, and consumption was 6.35 million tons, an increase of 2.3% year-on-year.
According to the report, preliminary Chinese official data showed that China's refined copper production increased by 13.5% in the first quarter, and apparent demand increased by 5.5%; the use of refined copper in the rest of the world outside China fell by 2%.
In March 2023, the global refined copper market had a surplus of 2,000 tons, compared with a surplus of 196,000 tons in February.
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