Global copper market to see 155 000-t surplus in 2023, says ICSG
The global copper market is expected to see a deficit of about 325 000 t this year and a surplus of 155 000 t in 2023, the International Copper Study Group (ICSG) said on Wednesday.
"Continued Covid-19 related restrictions and workforce absenteeism, operational and geotechnical issues, strikes, water restrictions in Chile, lower than expected head grades and community actions in Peru have constrained mine output at a number of operations this year," it said in a release.