World Copper Posts Deficit of 51,000 Tons in February, Study Group Says

(Bloomberg) -- World refined copper consumption beat
production by about 51,000 metric tons in February as China and
Europe used more of the industrial metal, the International
Copper Study Group said.

Production in February was estimated at 1,396,000 tons,
compared with usage of 1,447,000 tons. After seasonal adjustments,
the deficit was about 34,000 tons for the month, the Lisbon-based
group said in an e-mailed statement dated May 25.


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