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Informist, Wednesday, Jun. 25, 2025

 

MUMBAI – The surplus in the global refined copper market fell slightly to 233,000 tonnes in the first four months of 2025 from a surplus of 236,000 tonnes a year ago, according to a report by the International Copper Study Group released on Tuesday.

 

Global refined copper production rose 3.2% on year to 9.4 million tonnes in Jan-Apr, while consumption rose 3.3% on year to 9.2 million tonnes, the report said. In the first four months of 2025, global mine production benefited from additional output from projects ramping up to capacity and an improvement in production at a number of operating mines.

 

In Peru, copper mine production increased 5% on year, mainly due to higher output at the Las Bambas, Quellaveco, and Toromocho mines. Production in the Democratic Republic of Congo rose about 8%, mainly as a consequence of the expansion of the Kamoa mine. However, growth was partially offset by declines in other countries, including Canada and Indonesia, the report said.

 

On consumption, the report said Chinese apparent demand is estimated to have grown around 6% during the period. China's share in global copper usage is currently about 58%, it pointed out. Other than China, global copper demand remained more or less unchanged.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Abhijit Doshi

Edited by Avishek Dutta

 

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