Copper prices steadied as the global refined copper market showed shortfall.
Copper prices saw a marginal decline of -0.06% to settle at 717.2, influenced by the global refined copper market, which reported a deficit of 55,000 metric tons in September, a notable increase from the 21,000 metric tons deficit in August, according to the International Copper Study Group (ICSG). However,
the market still maintained a surplus of 17,000 metric tons for the first 9 months of the year, contrasting with a 401,000 metric tons deficit in the same period last year. September’s deficit, adjusted for changes in Chinese bonded warehouse inventory, stood in contrast to the surplus in August.