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According to the monthly report released by the World Bureau of Metal Statistics (WBMS) on its official website, from January to May 2016, the global copper market was short of 48,000 tons, and the supply was 37,300 tons in 2015
.
Copper stocks fell in May, with stocks at the end of the month 37,000 tonnes
less than at the end of last year.
From January to May, global copper mine production was 8.
14 million tons, an increase of 4.
8% over the same period in 2015; Global refined copper production increased to 9.
66 million tonnes, up 4.
0% from a year earlier, as production in China increased by 260,000 tonnes and Chile by 36,000 tonnes
.
Global copper consumption from January to May was 9.
706 million tons, compared with 9.
136 million tons
in the same period in 2015.
From January to May, China's apparent copper consumption increased by 487,000 tons from the same period last year to 4.
841 million tons, accounting for 50%
of the total global copper demand.
Copper production in the EU28 fell by 0.
5%, and demand was 1.
465 million tons, an increase of 3.
8%
over the same period last year.
