Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / WBMS: Global Copper Surplus Expands to 335,000 tonnes in January-February 2017

WBMS: Global Copper Surplus Expands to 335,000 tonnes in January-February 2017

Apr 20, 2017 11:09

Source:SMM

World Bureau of Metal Statistics (WBMS) reported global copper market was in 335,000 tonnes of surplus in the first two months of 2017, compared to 215,000 tonnes of surplus in 2016.

SHANGHAI, Apr. 20 (SMM) - World Bureau of Metal Statistics (WBMS) reported global copper market was in 335,000 tonnes of surplus in the first two months of 2017, compared to 215,000 tonnes of surplus in 2016.

Copper production at global mines totaled 3.36 million tonnes during January-February, up 6.4% year-on-year.

Global copper cathode production increased to 3.85 million tonnes during January-February, a rise of 1.9% on a yearly basis. Output in China grew 88,000 tonnes, and added 9,000 tonnes in India.

China Nonferrous Metals Output Rose 4.0% in March

Codelco Ceases Beneficiation Plant at Salvador Copper Mine

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

WBMS

copper supply

copper output

copper

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Last week, the US Fed announced that it may begin to shrink the balance sheet at the next meeting in May. The pace will be accelerated to a monthly reduction of $95 billion.

Apr 11, 2022 13:06

SMM Insight

Copper Prices were under Pressure due to the Stronger US Dollar Aroused by the Hawkish Speech of the US Fed

SMM Morning Comments (Sep 29): Base Metals Mostly Fell amid Weakened Demand

Shanghai base metals mostly fell after Fed’s hawkish statements and amid the weakened demand before the China’s National Day holiday. Meanwhile, their counterparts on LME basically fell as well.

Sep 29, 2021 09:59

SMM Comments

SMM Morning Comments (Sep 29): Base Metals Mostly Fell amid Weakened Demand

SMM Morning Comments (Sep 24): Base Metals Mostly Went Up on Slumping US Dollar

Shanghai base metals mostly trended higher on Friday morning amid slumping US dollar and eased market concerns about the default of Evergrande. Meanwhile, their counterparts on LME performed similarly.

Sep 24, 2021 10:02

SMM Comments

SMM Morning Comments (Sep 24): Base Metals Mostly Went Up on Slumping US Dollar

China Weekly Inventory Summary and Data Wrap (Sep 17)

This is a roundup of China's metals weekly inventory as of September 17.

Sep 17, 2021 20:00

Analysis

China Weekly Inventory Summary and Data Wrap (Sep 17)

Copper News Roundup

The Biden government of the United States on September 9 stated that it would restart a procedure to permanently suspend the development of the Pebble Mine project, thereby permanently protecting the ecology of an important water area in Alaska.

Sep 14, 2021 13:51

Industry

SMM Morning Comments (Sep 7): Base Metals Trending Mixed in the Quiet Market

Shanghai base metals trended mixed on Tuesday morning without significant bullish or bearish influential factors in the market. Meanwhile, their counterparts on LME mostly fell.

Sep 7, 2021 10:00

SMM Comments

SMM Morning Comments (Sep 7): Base Metals Trending Mixed in the Quiet Market

Subdued Trades in Copper Import Market amid Wider Import Losses

Trades in the imported copper market were quiet today as import losses expanded to 200 yuan/mt. Backwardation of LME cash to the three-month copper contract stands at $6.5/mt.

Aug 26, 2021 16:22

Analysis

Subdued Trades in Copper Import Market amid Wider Import Losses

SMM Morning Comments (Aug 18): Shanghai Base Metals Trending Lower in Cooled Market Sentiments

Shanghai base metals mostly went down on Wednesday morning amid the cooled down market sentiments by the uncertainty of economic recovery. Meanwhile, their counterparts on LME all increased.

Aug 18, 2021 10:00

SMM Comments

SMM Morning Comments (Aug 18): Shanghai Base Metals Trending Lower in Cooled Market Sentiments

Disruptions to Copper Concentrate Supply and Domestic Fundamentals to Shore Up Copper Prices

US CPI in July stabilised, basically in line with market expectations. Some Fed officials believe that the inflation rate will not surge for a long time, and will return to the 2% target. The labour market is expected to improve in light of the employment data two weeks ago. As such, the market believes that the conditions for reducing debt purchases will be met within a few months, supporting a hawkish sentiment.

Aug 17, 2021 10:42

Analysis

Disruptions to Copper Concentrate Supply and Domestic Fundamentals to Shore Up Copper Prices

Operating Rates of Copper Billet Down 1.28% on Month

Operating rates of copper-zinc alloy billet producers stood at 57.64% in July, down 1.28 percentage points month on month and 8.75 percentage points year on year.

Aug 11, 2021 13:55

Analysis

Operating Rates of Copper Billet Down 1.28% on Month

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

WBMS: Global Copper Surplus Expands to 335,000 tonnes in January-February 2017

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit