Short Term Outlook Dims For Copper Prices ...Middle East

OILPRICE - Economy
Short Term Outlook Dims For Copper Prices
source : OILPRICE ( Middle East ) () 16
Let’s begin with the good news first. Global copper mine capacity rose nearly 5% to 20.38 million tons (MT) between January and September of 2022. According to a report by the International Copper Study Group (ICSG), this was mainly due to the additional production at new or expanded mines. That said, global demand for the metal was also up. Indeed, in the first nine months of the year, demand rose 2.6% to nearly 19.30 MT. This is a rather good news for those concerned with current copper price trends. Production Up in DRC and China, but…

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