Global Copper Market Reports Supply Surplus in Q1 2025

Published: May 22, 2025 23:37

Save

According to SMM, the latest report released by the World Bureau of Metal Statistics (WBMS) showed that in March 2025, global copper cathode production reached 2.5135 million mt, with consumption at 2.493 million mt, resulting in a supply surplus of 20,500 mt. From January to March 2025, global copper cathode production amounted to 7.2832 million mt, with consumption at 7.0125 million mt, leading to a supply surplus of 270,800 mt. In March 2025, global copper concentrates production stood at 1.5392 million mt. From January to March 2025, global copper concentrates production totaled 4.5217 million mt.

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

14 mins ago

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

16 mins ago

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

25 mins ago

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