As per ICSG, World apparent refined usage is estimated to have increased modestly by 0.7% in 2017: Improved scrap supply constrained world refined copper usage growth globally in 2017. Preliminary data indicates that world ex-China usage increased by 0.5% while Chinese apparent usage (currently representing almost 50% of world refined usage) increased by 0.9%. Chinese apparent usage (excluding changes in unreported stocks) increased by 0.9% as although refined copper production increased by 5%, net imports of refined copper declined by 9.5%. Among other major copper using countries, usage increased in India and Japan but declined in the United States, Germany and South Korea.
Updated On 25-Mar-2018
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