Global Aluminum Faces Deficit, Copper Sees Oversupply in March 2026: WBMS Report

Published: May 21, 2026 09:02
According to the latest report released by the World Bureau of Metal Statistics (WBMS), in March 2026: global primary aluminum production reached 5.6333 million mt, while consumption was 5.9774 million mt, indicating a supply deficit of 344,100 mt; during the same period, global copper cathode production was 2.2792 million mt, with consumption at 2.1357 million mt, resulting in an oversupply of 143,500 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
[SMM Aluminum Flash News] RecAL Targets Higher-Value Aluminum Recycling in Europe
45 mins ago
[SMM Aluminum Flash News] RecAL Targets Higher-Value Aluminum Recycling in Europe
Read More
[SMM Aluminum Flash News] RecAL Targets Higher-Value Aluminum Recycling in Europe
[SMM Aluminum Flash News] RecAL Targets Higher-Value Aluminum Recycling in Europe
The EU-funded RecAL project aims to upgrade Europe’s aluminum recycling system by addressing alloy contamination and downcycling challenges. Led by the Austrian Institute of Technology, the initiative brings together 19 partners from nine countries to develop 14 recycling technologies and the “RecAL Hub” digital platform to improve scrap sorting, traceability and reuse efficiency, reducing the loss of high-value aluminum into lower-grade products. Aluminum beverage can recycling rates in Europe have reached 76.3%, while automotive aluminum recycling exceeds 90%. As demand for lightweight materials and circular economy solutions grows, the industry is accelerating efforts toward high-performance recycled aluminum and digitalized recycling management systems.
45 mins ago
[SMM Aluminum Flash News] Herefordshire Expands Household Recycling to Include Aluminum Packaging  English Brief
46 mins ago
[SMM Aluminum Flash News] Herefordshire Expands Household Recycling to Include Aluminum Packaging English Brief
Read More
[SMM Aluminum Flash News] Herefordshire Expands Household Recycling to Include Aluminum Packaging  English Brief
[SMM Aluminum Flash News] Herefordshire Expands Household Recycling to Include Aluminum Packaging English Brief
Herefordshire Council in the UK has expanded its household recycling rules to include aluminum foil, foil trays, foil-lined tubes and plastic tubes such as toothpaste and cosmetic packaging. The council said the move aims to simplify recycling for residents and reduce recyclable materials entering general waste streams. Under the updated guidance, households are advised to rinse and dry items before recycling, while aluminum foil should be scrunched into balls to improve sorting efficiency. The policy follows similar recycling expansions across other parts of England, reflecting broader efforts in Europe to improve recycling rates and strengthen the circular economy.
46 mins ago
[SMM Aluminum Flash News] Novelis Oswego Hot Mill Expected to Resume Production Within Weeks
47 mins ago
[SMM Aluminum Flash News] Novelis Oswego Hot Mill Expected to Resume Production Within Weeks
Read More
[SMM Aluminum Flash News] Novelis Oswego Hot Mill Expected to Resume Production Within Weeks
[SMM Aluminum Flash News] Novelis Oswego Hot Mill Expected to Resume Production Within Weeks
Novelis said the hot mill at its Oswego plant in New York is expected to resume production within the next few weeks, earlier than the previously expected end-June restart timeline. The facility experienced two fires in September and November 2025, both limited to the hot mill area with no injuries reported. The company said other key assets were unaffected. Recovery and commissioning activities are progressing faster than expected, and the restart is expected to help address pent-up demand and normalize shipments. The two fires caused an estimated USD 1.7 billion financial impact and reduced rolled product shipments by about 73 kilotons, negatively affecting adjusted EBITDA by around USD 53 million.
47 mins ago