Antofagasta: Copper Market in Balance or Slight Shortage These Years

Published: Nov 29, 2017 10:02

Save

Ivan Arriagada, CEO of copper miner Antofagasta says, global copper market is in overall balance or slight shortage in these two years.

SHANGHAI, Nov.29 (SMM)－Ivan Arriagada, CEO of copper miner Antofagasta says, global copper market is in overall balance or slight shortage in these two years. He says global refined copper supply this year is estimated to rise 4%. Newly-increased refined copper supply has been consumed by the market.

The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

Antofagasta copper demand and supply

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

4 hours ago

Explosion at Kazzinc Metallurgical Site in Kazakhstan Leaves Two Dead and Five Injured

On May 5th, according to Reuters, an explosion occurred at Kazzinc’s site. Kazzinc said that it occurred during cleaning work on a smoke extraction system, followed by a fire and partial structural collapse. So far, emergency ministry said the fire had been extinguished. Kazzinc, owned by Glencore, has an annual production of roughly 250-300 kt of zinc, 100-150 kt of lead and around 87.5 kt of copper cathode. Kazzinc hasn't disclosed the specific impact. Based on currently available information, the incident mainly involved smoke extraction/dust-collection equipment, may cause temporary disruption to related operations. There is no evidence so far that the main zinc electrowinning line was damaged. Further updates needed on the scope of any cuts or suspensions and the repair timeline.

4 hours ago

11 hours ago

Physical Copper Fund Debuts on NYSE, Opening Direct Investment Channel

Sprott Asset Management launched the Sprott Physical Copper Trust on NYSE Arca (ticker: SCOP) on May 4, 2026, enabling investors to gain direct exposure to physical copper with enhanced liquidity and monthly redemption features.

11 hours ago

12 hours ago

Geopolitics and Policy Reshape Copper Market Dynamics

Geopolitical tensions and policy disruptions are reshaping copper supply dynamics, with high inventories but constrained supply growth supporting elevated prices.

12 hours ago