The latest monthly report of the International Copper Study Group (ICSG) shows there was a surplus of 164,000 tonnes of the metal in the first quarter of 2017, which it attributes mainly to a decline in Chinese demand. Global refined copper production was virtually unchanged in the first quarter, with primary output declining 2%. China’s refined output rose by 7% but declines in Chile offset that increase. Refined copper usage is estimated to have decreased by around 3%, again due to a decline in China. More From Livemint »The price of copper on the London Metal Exchange is up by 5% in 2017 so far, with the metal recovering from its May lows

Source: Mint June 29, 2017 02:22 UTC