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Global Copper Market Ended in Surplus Until May

Global Copper Market Ended in Surplus Until May

July 27th 2021
The reported copper metal stock stood higher by 53kt, when compared with end-December 2020 levels.
World’s Largest Copper Producer Targets to Boost Southeast Asia Footprints

World’s Largest Copper Producer Targets to Boost Southeast Asia Footprints

It must be noted that China is currently the largest purchaser of Codelco’s copper.
World Refined Copper Market Ended in Surplus

World Refined Copper Market Ended in Surplus

Strong production surge were reported in the DRC, Mongolia and Panama, whereas the U.S. output remained essentially unchanged.
Antofagasta Announced Copper Supply Deals with Major Smelters

Antofagasta Announced Copper Supply Deals with Major Smelters

This is the third consecutive year that Jiangxi Copper and Tongling Nonferrous have reached an early contract with Antofagasta for the upcoming year.
Global Copper Market Ended in Tiny Deficit

Global Copper Market Ended in Tiny Deficit

The WBMS report notes that significant increases were recorded in China and India, where production rose by 271kt and 59kt respectively.
World Refined Copper Market Ended in Surplus

World Refined Copper Market Ended in Surplus

The Indonesian output has surged higher significantly by 91%, mainly attributed to the ramp-up of underground production at the Grasberg mine.
Copper supply shortfall could linger as green initiatives spur demand, analyst says

Copper supply shortfall could linger as green initiatives spur demand, analyst says

The underinvestment in copper over the past decade is causing supply problems now, at a time when prices have shot up and green initiatives create higher demand for the metal, says commodity analyst Reid I’Anson of market intelligence firm Kpler.
Global Copper Market Ended in Tiny Surplus

Global Copper Market Ended in Tiny Surplus

The monthly refined copper production totalled 1,994.9kt in March 2021.
World Refined Copper Balance Indicated Apparent Surplus in Jan-Feb ‘21

World Refined Copper Balance Indicated Apparent Surplus in Jan-Feb ‘21

Chile-the world’s largest copper mine producing country saw its output contract by 2.6%, mainly due to 18% decline in SX-EW output.
List of Topmost Copper Producers of 2020

List of Topmost Copper Producers of 2020

In second place was the Collahuasi copper mine in northern Chile.
Top Ten Copper Miners to Record Boosted Output in 2021

Top Ten Copper Miners to Record Boosted Output in 2021

The company’s Sentinel mine in Zambia and Cobre mine in Panama were the major contributors to the increased output.
BHP's Escondida and Spence Mines Face Strike Threat

BHP's Escondida and Spence Mines Face Strike Threat

These workers had been in negotiations with the company demanding improved working conditions and benefits.
Copper Trade Group Forecast Surplus Market in 2021/2022

Copper Trade Group Forecast Surplus Market in 2021/2022

Only 2 major copper mines were commissioned over the past four years.
Codelco Surpluses Touched New Peak, Driven by Boosted Output

Codelco Surpluses Touched New Peak, Driven by Boosted Output

The high metal prices too supported the quarterly results.

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