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22 Dec
08:11

COPPER: Global copper market deficit to remain in 2022: Cochilco

Chile’s state copper commission Cochilco has upgraded its forecasts on the copper market in 2021 and 2022 on the back of the supply deficit, Kallanish reports. This year’s global demand for refined copper is expected to reach 24.48 million tonnes -- 762,000 tonnes or 3.2% more on-year. Meanwhile, the estimated demand for 2022 stands at 25.04m t -- up by 561,000 t compared to 2021. The most demanding regions remain China and Europe. They are e…
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