TECK - Copper market deficit grew to 75K tons in April ICSG says

Axe_Olga/iStock via Getty Images The global world refined copper market deficit widened to 75K metric tons in April, compared with a 13K mt deficit in March, the International Copper Study Group says in its latest monthly update. The global copper market had a surplus of 69K metric tons in the first four months of the year, compared with a 110K-ton surplus for the same period last year, the ICSG says. World refined copper production totaled 2.07M metric tons in April while consumption was 2.14M mt. ETFs: [[COPX]], [[CPER]], [[JJCTF]], [[JJC]] After sinking earlier this week, shares of copper miners are rebounding today: [[FCX]] +4%, [[SCCO]] +2%, [[HBM]] +2.8%, [[TECK]] +4.1%. Other top metal stocks also trade higher, including [[AA]] +3.3%, [[CLF]] +4.2%, [[X]] +3.4%, [[MT]] +3.1%. Copper prices are little changed today after China announced a second sale of state reserves. China says it will sell 30K metric tons of

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Copper market deficit grew to 75K tons in April, ICSG says