Compared to January-February 2015, global refined copper production from scrap edged 2% higher in the opening two months of this year to 630 000 tonnes whereas primary production climbed 4% to 3.137 million tonnes, according to latest data from the International Copper Study Group. With world refined usage jumping 5% over the same period to 3.691 million tonnes, the market surplus was cut from 134 000 tonnes in the first two months of last year to 76 000 tonnes this time round.
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