Beckett Bronze produces cast bronze precision-machined parts and continuous cast bars. Castings are manufactured at the East 20th Street plant. The West 23rd Street plant produces finished machined parts and has about 75 machine tools including CNC lathes.
In 2021 copper demand is expected to bounce back 4.4% to 23.625 million tonnes.
The supply side also shows a 2020 drop followed by a strong rebound in 2021.
“Using publicly available information and input from the International Copper Study Group (ICSG), the supply side data shows that in 2019 copper mine production was 20.46 million tonnes. In 2020, mine output is expected to decrease by 4.0% to 19.65 million tonnes. For 2021, an increase in copper mine production of 6.7% is forecast. Refined copper production in 2019 was 23.47 million tonnes. For 2020, refined copper production is forecast to be 22.91 million tonnes and might be 24.30 million tonnes in 2021,” writes IWCC.
The group warned that forecasting is more difficult in the current period of economic uncertainty.
“The economic disruption and its impact on the copper industry has resulted in greater uncertainty in the factors affecting the supply and demand for copper.”
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Over 100 Years Experience – Manufacturers of Bronze Bearings, Bushings, and Continuous Cast Bars Since 1913