B · Normal
[This year global copper mine production may experience its first annual decline since 2017] September 4th, the latest data from the International Copper Research Organization showed that global copper mine production fell by 1.1% annually in the first half of this year. Major producers such as Chile's Codelco and Freeport-McMoRan all reported double-digit declines. Morgan Stanley had initially forecast an increase in copper supply this year, but has now lowered its forecast to "basically flat or slightly down," suggesting that global copper mine production could see its first annual decline since 2017.
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