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ECI Annual Report 2012

2012 was a difficult year for the European copper industry. Due to a combination of Government austerity programs, stricter borrowing conditions for consumers and low activity levels, particularly in most national construction markets, the International Copper Study Group1 expects EU27 refined copper usage to be 3.1 million tonnes, 7% below the 2011 total. Globally, refined demand is expected to be around 20.7 million tonnes, up 4% on 2011.