WBMS: Global Refined Copper Supply Deficit Reached 75,900 mt in February, 58,500 mt in January-February

Published: Apr 17, 2025 08:40

On Wednesday, April 16, the latest report from the World Bureau of Metal Statistics (WBMS) revealed that global refined copper production in February 2025 reached 2.3037 million mt, while consumption stood at 2.3796 million mt, resulting in a supply deficit of 75,900 mt.

From January to February 2025, global refined copper production totaled 4.6929 million mt, with consumption at 4.7514 million mt, leading to a supply deficit of 58,500 mt.

In February 2025, global copper concentrate production was 1.5428 million mt.

From January to February 2025, global copper concentrate production amounted to 3.1081 million mt.


To learn more about the dynamics of the copper industry chain, you are cordially invited to attend the CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo, hosted by SMM, which will be grandly held in Nanchang, Jiangxi Province from April 22 to 25, 2025. ~

Over 3,000 industry elites, representatives from upstream and downstream enterprises of the copper industry chain, government officials, industry associations, third-party equipment, logistics and warehousing, as well as experts from universities and research institutions will gather together. The conference covers mines, smelting, copper processing, trade, recycling, and end-use applications, encompassing the entire copper industry chain.

At the event, more than 100 exhibitors will showcase the latest achievements in copper processing and smelting equipment, high-quality raw material suppliers, and new-type copper-based materials, highlighting the innovation and vitality of the copper industry.

The conference features a variety of exciting activities: the main forum focuses on global copper market trends, raw material supply, policy impacts, and market outlooks. Sub-forums delve into industry hot topics such as electrical power transmission and distribution, secondary copper, copper-based new materials, hardware and plumbing, and ESS. During the conference, a two-day field trip will visit 12 representative enterprises in the copper industry, with a cumulative production of 1 million mt, to share cutting-edge technologies and valuable experiences, promoting the upgrading of the copper industry chain and driving high-quality industry development.

The CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo will help you grasp industry trends, expand your network, and explore business opportunities! SMM sincerely invites you to join us in Nanchang, Jiangxi Province from April 22 to 25, 2025, to gather in the new era of copper and jointly plan for new development!

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
One and One Green Expands into E-Scrap Copper Recycling
14 mins ago
One and One Green Expands into E-Scrap Copper Recycling
Read More
One and One Green Expands into E-Scrap Copper Recycling
One and One Green Expands into E-Scrap Copper Recycling
One and One Green Technologies is expanding into the e-waste recycling market in Metro Manila. The company processes electronic scrap and industrial waste into copper alloy ingots and other products. Analysts see Southeast Asia emerging as a key growth region for recycled copper supply.
14 mins ago
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
16 mins ago
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
Read More
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
Nexans Builds Large Copper Recycling Hub to Boost Secondary Supply
Nexans is developing a large copper recycling center capable of processing up to 80,000 tonnes of scrap annually. The project aims to reduce reliance on primary copper and improve supply resilience. The company highlighted recycled copper as a strategic resource amid tightening global supply.
16 mins ago
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
25 mins ago
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
Read More
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
BHP Submits Chile Copper Ore Expansion Plan; LME Copper and SHFE Copper Both Closed Lower Overnight [SMM Copper Morning Meeting Summary]
SMM Morning Meeting Summary: Overnight, LME copper opened at $12,724.5/mt. In early trading, it fluctuated upward to a high of $12,829.5/mt, after which the center of copper prices shifted straight downward to a low of $12,721/mt. It then fluctuated upward in a pullback and finally closed at $12,780/mt, down 1.07%. Trading volume reached 17,000 lots, and open interest stood at 293,000 lots, down 8,255 lots from the previous trading day, mainly due to longs reducing positions. Overnight, the most-traded SHFE copper 2604 contract opened at 99,120 yuan/mt. In early trading, it rose to 99,530 yuan/mt, then fluctuated downward all the way to a low of 98,900 yuan/mt. Afterwards, the center of copper prices moved upward and finally closed at 99,140 yuan/mt, down 0.92%. Trading volume reached 27,700 lots, and open interest stood at 177,000 lots, down 1,993 lots from the previous trading day, mainly due to longs reducing positions.
25 mins ago
WBMS: Global Refined Copper Supply Deficit Reached 75,900 mt in February, 58,500 mt in January-February - Shanghai Metals Market (SMM)