Gold Silver Reports — The International Copper Study Group (ICSG) published the latest monthly report showed in December 2016, global copper supply surplus of 17000 tons, the total shortage of 5,500 tons in whole year, was below the supply shortages of 164000 tons for 2015. ICSG data showed that in December last year, the mine produced 1.771 million tons, global mine production capacity reached 2.035 million tons, mining capacity utilization rate was 87%.
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Indian Crude Oil Basket Stays Under $51 Mark
Gold Silver Reports — Indian Crude Oil Basket Stays Under $51 Mark — The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 50.44 per barrel (bbl) on 17.03.2017.