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Copper Market

Author

Listed:
  • Emilia Manole

Abstract

According to data published by the International Institute for Copper Studies (I.C.S.C.), world copper production increased in 2016 by 2.33%, and world consumption increased by 1.85%. According to the same analysts in the I.C.S.C., world production/consumption in the refined copper market indicates a 55,000 tons deficit in 2016 and will continue to be weak in 2017, mainly due to the apparent increase in China's apparent consumption (+ 2.5%). The annual average price of copper in 2016 was $ 4,862.85 / tons, 11.61% lower than in 2015. Copper stocks in 2016 were 234,061 tons, 22.58% lower compared to 2015.

Suggested Citation

  • Emilia Manole, 2017. "Copper Market," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 327-333.
    • Handle: RePEc:iem:conjun:y:2017:p:327-333
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