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World Copper Market Ended in Apparent Surplus, Says WBMS

World Copper Market Ended in Apparent Surplus, Says WBMS

April 28th 2022
ICSG report suggests that world refined copper production increased by around 2% in January 2022.
WBMS: Copper Metal Balance in Deficit Until February

WBMS: Copper Metal Balance in Deficit Until February

The reported copper metal stock stood higher by 110kt, when compared with end-December 2021 levels.
BHP Copper Output Witnessed Significant Dip

BHP Copper Output Witnessed Significant Dip

Furthermore, it lowered the copper output guidance for FY 2022 to between 1,570 and 1,620 kt, from between 1,590 and 1,760 kt.
The Chilean Copper Commission Raised 2022 Copper Price Forecast

The Chilean Copper Commission Raised 2022 Copper Price Forecast

Also, it projected 2.6% year-on-year surge in Chilean copper production during the current year, with yearly production expected to touch 5.78 million tonnes.
CME Group Announced Launch of Micro Copper Futures on May 2

CME Group Announced Launch of Micro Copper Futures on May 2

The launch is scheduled for May 2, 2022, pending regulatory review.
Goldman Sachs: Copper Prices to Reach Fresh All-Time Peak by Mid-Year

Goldman Sachs: Copper Prices to Reach Fresh All-Time Peak by Mid-Year

The report cited that copper is currently passing through a seasonal surplus phase.
Antofagasta Foresees Strong Copper Prices in Next One-Year Period

Antofagasta Foresees Strong Copper Prices in Next One-Year Period

Meantime, as the world economy enters a phase of lower growth on account of the ongoing tensions between Russia and Ukraine, the prices may witness more volatility, especially in 2023.
Global Refined Copper Deficit Tapered in 2021

Global Refined Copper Deficit Tapered in 2021

The world copper mine production has increased marginally by nearly 2.2% during the previous year.
Codelco Surpluses Recorded Notable Surge in 2021

Codelco Surpluses Recorded Notable Surge in 2021

The EBITDA witnessed year-on-year jump by 96.2% to touch $10,379 million, with EBITDA margins at 49%.
ICSG Recorded Deficit Copper Market Till November 2021

ICSG Recorded Deficit Copper Market Till November 2021

The world refined copper output increased marginally by 1.3% during the initial eleven-month period in 2021.
WBMS: Copper Metal Balance Ended in Deficit in 2021

WBMS: Copper Metal Balance Ended in Deficit in 2021

The world copper mine production during full-year 2021 totalled 21.37 million tonnes, slightly higher by 3.8% when compared with the year before that.
Copper Price Building Towards a Breakout, Says Goldman Sachs

Copper Price Building Towards a Breakout, Says Goldman Sachs

The primary production of the metal is likely to register growth only for two years from now.
ICSG Announced Latest Copper Supply and Demand Statistics

ICSG Announced Latest Copper Supply and Demand Statistics

The world refined copper production increased by 1.4% in the first ten months of 2021.
WBMS: Copper Metal Balance in Deficit Until November

WBMS: Copper Metal Balance in Deficit Until November

The global copper mine production in Jan-Nov ’21 totalled 19.53 million tonnes, marginally higher by 4.2% than the corresponding eleven-month period in 2020.

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