WBMS: Global Copper Demand Outstrips Supply in January-May 2017

Published: Jul 20, 2017 09:32
Global copper market saw supply deficit at 65,000 tonnes in January-May 2017, reported by World Bureau of Metal Statistics (WBMS).

SHANGHAI, Jul. 20 (SMM) – Global copper market saw supply deficit at 65,000 tonnes in January-May 2017, compared to 69,000 tonnes of deficit in 2016, reported by World Bureau of Metal Statistics (WBMS).

Copper inventory grew 125,000 tonnes as of late May 2017 from the level seen in late December 2016.

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Rio Tinto Copper Concentrate Output Dives Remarkably in H1 2017

Global copper ore output totaled 8.3 million tonnes in the first five months of 2017, down 0.7% YoY, and that of copper cathode expanded 0.4% YoY to 9.61 million tonnes at the same period.

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. 

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
Overnight copper prices drifted lower, high copper prices suppressed downstream purchasing demand [SMM Copper Morning Comment]
3 mins ago
Overnight copper prices drifted lower, high copper prices suppressed downstream purchasing demand [SMM Copper Morning Comment]
Read More
Overnight copper prices drifted lower, high copper prices suppressed downstream purchasing demand [SMM Copper Morning Comment]
Overnight copper prices drifted lower, high copper prices suppressed downstream purchasing demand [SMM Copper Morning Comment]
3 mins ago
[Live] Copper and Aluminum Wire and Cable Market Outlook, Analysis of Reverse Invoicing Tax Policy Situation, and Interpretation of Derivatives Risk Control and AI Computing Power Industry Opportunities
9 mins ago
[Live] Copper and Aluminum Wire and Cable Market Outlook, Analysis of Reverse Invoicing Tax Policy Situation, and Interpretation of Derivatives Risk Control and AI Computing Power Industry Opportunities
Read More
[Live] Copper and Aluminum Wire and Cable Market Outlook, Analysis of Reverse Invoicing Tax Policy Situation, and Interpretation of Derivatives Risk Control and AI Computing Power Industry Opportunities
[Live] Copper and Aluminum Wire and Cable Market Outlook, Analysis of Reverse Invoicing Tax Policy Situation, and Interpretation of Derivatives Risk Control and AI Computing Power Industry Opportunities
► Interpretation of China's Wire and Cable Market Status and Consumption Trends ► Analysis of Upstream and Downstream Fundamental Changes and Industry Development Trends for Aluminum ► Assessment of 2026 Copper Price and Market Trends ► How Copper and Aluminum Enterprises Use OTC Derivatives to Reduce Costs and Increase Profits ► Supply Chain Empowering Professional Upgrading of the Real Industry ► Recommendations on the Reverse Invoicing Tax Policy Situation and Digital Compliance Solutions for the Recycled Copper and Aluminum Industry ► On the Crest of the Computing Power Wave: New Opportunities for Cable Demand in the AI Era ► Smart IoT: Building a New Perspective on Intelligent Cable Manufacturing ► Application Status and Development Directions of Polymer Materials for Cables Under the New Situation ► Research on Key Technologies for Quality Control of Copper Rod Conductors Used in Cables
9 mins ago
Zambia’s Chisamba Solar Expansion Adds 100MW, Easing Energy Constraints for Mining Sector
8 hours ago
Zambia’s Chisamba Solar Expansion Adds 100MW, Easing Energy Constraints for Mining Sector
Read More
Zambia’s Chisamba Solar Expansion Adds 100MW, Easing Energy Constraints for Mining Sector
Zambia’s Chisamba Solar Expansion Adds 100MW, Easing Energy Constraints for Mining Sector
According to the Ministry of Energy, President Hakainde Hichilema has commissioned the 100 MW Phase II expansion of the Chisamba Solar Power Plant in Central Province, bringing the facility's total installed capacity to 200 MW. The project represents another step in Zambia's efforts to diversify its electricity generation mix and strengthen energy security as demand from key economic sectors continues to increase. Speaking at the commissioning ceremony, President Hichilema said additional generation capacity would support households, businesses and industrial development, while highlighting the importance of reducing Zambia's dependence on hydropower. The country experienced significant electricity supply challenges during recent drought conditions, which affected hydropower generation and placed pressure on energy-intensive industries. ZESCO Managing Director Justine Loongo said the project created approximately 1,480 jobs during construction, with 95% of positions filled by local residents, highlighting the wider economic benefits of energy infrastructure investment. The expansion comes as Zambia aims to significantly increase copper production towards its long-term target of 3 million tonnes annually. Copper mining operations require large and stable electricity supplies for activities including ore processing, concentration and smelting. Recent power shortages demonstrated the vulnerability of relying heavily on hydropower, particularly during periods of low rainfall. By expanding solar generation capacity, Zambia is strengthening the resilience of its national power system and creating additional support for future mining investments, including new copper projects, mine expansions and processing facilities. A more diversified energy mix could help reduce operational risks for mining companies and improve the country's ability to attract further investment into the copper sector.
8 hours ago