The global copper market recorded a 228,000 metric ton surplus in the first nine months of 2006, the World Bureau of Metal Statistics said Wednesday.Chinese output rose by 372,000 tons, Indian, Zambian and Japanese production rose by 101,000 tons, 68,000 tons and 107,000 tons respectively compared with the comparable months of 2005, the WBMS said.Consumption in the Jan. to Sept. period stood at 12.81 million tons, up almost 2% on the year.Chinese consumption fell by 6.9% to 2.61 million tons due to lower demand for imported copper, the WBMS said.
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