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Global apparent refined Copper usage increases during Jan-Nov

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LONDON (Scrap Register): Global apparent refined copper usage is estimated to have increased by about 2.2% in the first eleven months of 2018, according to International Copper Study Group (ICSG).

Chinese apparent usage grew by around 5.5% driven by a 20% increase in net refined copper imports.

It is possible this development was influenced by tightness in the availability of scrap in China.

Among other major copper users, demand increased in India, Japan, the United States and the EU but declined in Taiwan (China) and South Korea.

Preliminary data indicates that world ex-China usage declined by around 1%.

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