WBMS releases October global production and consumption data for copper, aluminum and nickel

Published: Dec 19, 2025 10:24
On Wednesday, December 17, the latest report from the World Bureau of Metal Statistics (WBMS) showed that global refined nickel production in October 2025 was 326,400 mt, consumption was 297,200 mt, resulting in a supply surplus of 29,100 mt.

Global refined nickel market in surplus by 29,100 mt in October 2025

On Wednesday, December 17, the latest report from the World Bureau of Metal Statistics (WBMS) showed that global refined nickel production in October 2025 was 326,400 mt, consumption was 297,200 mt, resulting in a supply surplus of 29,100 mt.

From January to October 2025, global refined nickel production was 3.2046 million mt, consumption was 2.8666 million mt, resulting in a supply surplus of 338,000 mt.

WBMS: Global primary aluminum market in supply deficit of 108,700 mt in October 2025

The latest report from the World Bureau of Metal Statistics (WBMS) showed that global primary aluminum production in October 2025 was 6.0154 million mt, consumption was 6.1241 million mt, resulting in a supply deficit of 108,700 mt.

From January to October 2025, global primary aluminum production was 61.2165 million mt, consumption was 62.172 million mt, resulting in a supply deficit of 955,500 mt.

WBMS: Global refined copper market in supply deficit of 1,400 mt in October

On Wednesday, December 17, the latest report from the World Bureau of Metal Statistics (WBMS) showed that global refined copper production in October 2025 was 2.2419 million mt, consumption was 2.2433 million mt, resulting in a supply deficit of 1,400 mt.

From January to October 2025, global refined copper production was 22.6095 million mt, consumption was 22.5734 million mt, resulting in a supply surplus of 36,100 mt.

Please note that this news is sourced from wenhua.com.cn and translated by SMM.

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 for 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
The brass billet market faces "high costs, weak demand, pessimistic expectations"
15 mins ago
The brass billet market faces "high costs, weak demand, pessimistic expectations"
Read More
The brass billet market faces "high costs, weak demand, pessimistic expectations"
The brass billet market faces "high costs, weak demand, pessimistic expectations"
[SMM Brass Billet Flash] The core contradiction of "high costs, weak demand, and pessimistic expectations" in the brass billet market has not fundamentally reversed. On the one hand, international copper prices hover at highs, continuously raising production and import costs for brass billets, squeezing profits of domestic processing enterprises, and making import purchase willingness increasingly cautious. On the other hand, the recovery pace of traditional end-use consumption sectors such as real estate, home appliances, and hardware remains slow, downstream finished product orders are mediocre, overall spot trades are sluggish, and there is insufficient momentum for large-scale restocking.
15 mins ago
Payment recovery needs drive sell-offs, Shanghai spot copper premiums under pressure and falling [SMM Shanghai spot copper]
17 mins ago
Payment recovery needs drive sell-offs, Shanghai spot copper premiums under pressure and falling [SMM Shanghai spot copper]
Read More
Payment recovery needs drive sell-offs, Shanghai spot copper premiums under pressure and falling [SMM Shanghai spot copper]
Payment recovery needs drive sell-offs, Shanghai spot copper premiums under pressure and falling [SMM Shanghai spot copper]
[SMM Shanghai Spot Copper] Looking ahead to tomorrow, some suppliers will have month-end payment collection needs and will offload cargoes in the market, dragging down the center of spot premiums. Actual transaction discounts for standard-quality copper have already expanded to 70-60 yuan/mt, and some brand offers have reached a discount of 80-70 yuan/mt. On the demand side, SMM understands that after the recent continuous decline in copper prices, some processing enterprises have reported moderate orders, and their dip-buying willingness has strengthened. However, market performance shows that suppliers had to lower their offers several times before transactions were concluded, indicating that downstream players are still mainly pushing for lower prices with limited willingness to chase higher prices. Overall, amid the tug-of-war between suppliers' offloading pressure and downstream dip-buying, Shanghai spot copper prices against the SHFE copper 2607 contract are expected to remain at a discount tomorrow, with the discount likely to widen slightly.
17 mins ago
The rise in import value of copper billet in May continued to show divergent traits.
23 mins ago
The rise in import value of copper billet in May continued to show divergent traits.
Read More
The rise in import value of copper billet in May continued to show divergent traits.
The rise in import value of copper billet in May continued to show divergent traits.
[Latest Customs Data] The rise in import value of copper billet in May continued to show divergent trends, with persistent cost-side pressure. In May, import value was $26.7529 million, up 18.33% MoM and up 38.04% YoY. From January to May 2026, cumulative import value reached $105.7079 million, up 23.42% YoY.
23 mins ago
WBMS releases October global production and consumption data for copper, aluminum and nickel - Shanghai Metals Market (SMM)