THE COPPER JOURNAL
REFINED COPPER
GLOBAL PRODUCTION AND CONSUMPTION
First Eleven Months 2006 Vs 2007
THOUSANDS OF METRIC TONES
| PRODUCTION: |
2006 |
2007 |
CHG |
PCT |
| AFRICA |
500 |
587 |
87 |
17.4% |
| NORTH AMERICA |
1,906 |
1,967 |
61 |
3.2% |
| SOUTH AMERICA |
3,236 |
3,271 |
35 |
1.1% |
| ASIA |
6,420 |
7,058 |
638 |
9.9% |
| EUROPE |
3,390 |
3,377 |
-13 |
-0.4% |
| OCEANIA |
394 |
401 |
7 |
1.8% |
| TOTAL |
15,846 |
16,661 |
815 |
5.1% |
|
CONSUMPTION: |
|
|
|
|
| AFRICA |
216 |
246 |
30 |
13.9% |
| NORTH AMERICA |
2,551 |
2,491 |
-60 |
-2.4% |
| SOUTH AMERICA |
505 |
493 |
-12 |
-2.4% |
| ASIA |
7,414 |
8,651 |
1,237 |
16.7% |
| EUROPE |
4,922 |
4,798 |
-124 |
-2.5% |
| OCEANIA |
133 |
131 |
-2 |
-1.5% |
| TOTAL |
15,741 |
16,810 |
1,069 |
6.8% |
| |
|
|
|
|
| NET |
105 |
-149 |
|
|
| REFINED STOCK SUMMARY |
|
Dec 2006 |
Nov 2007 |
|
|
| PRODUCERS |
712 |
511 |
-201 |
-28.2% |
| MERCHANTS |
6 |
7 |
1 |
16.7% |
| CONSUMERS |
122 |
132 |
10 |
8.2% |
| GOVERNMENT |
0 |
0 |
0 |
0.0% |
| EXCHANGES |
253 |
240 |
-13 |
-5.1% |
| TOTAL |
1,093 |
890 |
-203 |
-18.6% |
|
SELECTED COUNTRIES |
| |
|
2006 |
2007 |
|
|
| CHINA |
PROD |
2,754 |
3,238 |
484 |
17.6% |
| |
CONS |
3,297 |
4,510 |
1,213 |
36.8% |
| |
NET |
-543 |
-1,272 |
|
|
| US |
PROD |
1,142 |
1,230 |
88 |
7.7% |
| |
CONS |
1,998 |
2,012 |
14 |
0.7% |
| |
NET |
-856 |
-782 |
|
|
| JAPAN |
PROD |
1,399 |
1,446 |
47 |
3.4% |
| |
CONS |
1,178 |
1,150 |
-28 |
-2.4% |
| |
NET |
221 |
296 |
|
|
| GERMANY |
PROD |
610 |
615 |
5 |
0.8% |
| |
CONS |
1,287 |
1,277 |
-10 |
-0.8% |
| |
NET |
-677 |
-662 |
|
|
| CHILE |
PROD |
2,548 |
2,675 |
127 |
5.0% |
| |
CONS |
105 |
100 |
-5 |
-4.8% |
| |
NET |
2,443 |
2,575 |
|
|
Source: ICSG / JEG
(17)